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Morningstar believes that while investor concerns about looming defense budget cuts are...

Morningstar believes that while investor concerns about looming defense budget cuts are justified, the sell-off that they've spawned in defense contractors has gone too far. It recommends investors worried about a particular contractor proving especially hard-hit take a look at aerosppce & defense ETFs ITA and PPA.
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  • dividend_growth
    , contributor
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    As Vietnam War was winding down, Boeing and Lockheed lost 90% between 1968 and 1974.

     

    GD dropped at least 70% between 1987 and 1991. It has gotten so cheap by then that even Buffett swooped in 1992. He made a three-bagger by 1994.
    16 Sep 2011, 06:49 PM Reply Like
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