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Recent MTCT Articles
- Defense Investors in Today's Volatile Markets
- Defense Spending and the Presidential Election
- The Bear Market in Aerospace & Defense
- June Defense Sector Update
- Could Aerospace & Defense Stocks Be Undervalued?
- The Top 10 Defense Investment Questions Answered
- Defense and Aerospace Sector: 'Irrational Dejection'?
- Defense Sector January 2008 Review
- The Defense Sector in 2008
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Analyst Upgrades & Downgrades for Wednesday July 26, 2006
on Jul 26, 2006| by
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Defense Spending and the Presidential Election [view article]
The British won nearly every battle in OUR war of independence, but in the end they had to leave.We lost in Vietnam because we were on the wrong side from the beginning. In 1946, after fighting the Japanese in WW2, the Vietnamese declared their independence, in a document modeled on our own. We decided to support the French, who had been on their backs under Nazi rule for 4 years, retaking control of their colonies in Indochina. It took the Vietnamese 29 years to defeat the colonialists, first the French (we paid 90% of their costs; they just had to supply the bodies) and then the Americans. Not our finest hour. Not something we should repeat.
The American public finally pulled the plug on a stupid and wasteful war that had always been based on lies (e.g., the Tonkin Gulf incident). We would never have "won" that war. The Vietnamese would have fought until we left, however long that took. We certainly did enough damage to both countries. Reply
Defense Spending and the Presidential Election [view article]
As a V/N vet, I can add a little bit of perspective-hopefully useful and as objective as this report is. WE won almost every battle, but lost the one re. the civilian 'stomach for war'. It was our first full scale operation against guerillas under the radar. Just as the intelligence ops were separate and competitive on 9/11, and since has become more homogenized-we are much better at CAS or close air support. Whenever and wherever there are ground soldiers, e.g. Afghanistan's rugged terrain -ideal guerilla topography-we have helicopter gunships, A-10 Wart hogs, and the side firing , night flying, C-130 ordinance platforms all standing by, hovering, and ready to spray fire on any one foolish enough to identify his location by his own muzzle flash. We recently even chased a group into Pakistan and obliterated them, much to the ire of Pakistan. The point being, if any of you watched both conventions, as i did, heard the 'this is not the time for young lawyers on training wheels" facetious remarks in St.Paul-please take note that our enemy is regrouping in Pakistan, and will certainly be profoundly encouraged by Obama's election. While the terminally idealistic like to think that appeasement, negotiation, diplomacy, & sanctions, all sound so very plausible-the simple fact remains that our enemy still thinks of us, Obama included, as "The Great Satan"...they have no intention of negotiating with Satan.In a word, we truly have lost the will to fight. And why not? With our iPods in our ears, our advancement to Boardwalk foremost in our minds, and busy painting our faces to attend the NFL game? We 'can't be bothered with the messy business of being at war'. As much as we would all like to close our eyes and 'cause it to disappear from view'...it ain't boys and girls! It just ain't. Nice try. I'm happy that you've found the moral high ground. Our enemy does not see you as standing on moral high ground...they see the egregious, unbridled greed that dragged the economy down the primrose path to the abyss we are 'enjoying now' - so we could all indulge our sopohmoric lusts for lots of 'stuff'. They see pornography and gambling on every corner, and the biggest customer for illicit drugs in the world...they feel a 'need' to destroy us.
Thus I adjure everyone to focus on the final words of McCain's convention address...."Stand up and fight...stand up and fight...stand up and fight". Put it down, and step away from your iPods. We are at war. Remind yourselves that the dollar of 1965, when homes could be bought for $18K, is worth a dime today. Viewed from that perspective, this war is cheap. Remembering that more men were shot dead in a matter of hours at the Battle of the Bulge in WWII...this casualty rate is phenomenally low. Gird your trembling loins, and stand up and fight. OR...you could run home to mamaobama. "Protect me Daddy"...clue...h... ain't gonna protect you from anything. He's only one man. A young, idealistic, but inexperienced young man who stutters, and has a hard time finishing a sentience. he won't be able to finish anything. Reply
Lutz
The Bear Market in Aerospace & Defense [view article]
Great Article...I am very bullish on the defense sector for the very long term (this is a China play no one really talks about)... I agree with many points that you make especially with regards to the political elections...I will making a wishlist of defense companies before the election...If Senator Obama wins it is possible that some of these stocks may decline to even more attractive levels (while the fundamentals will remain virtually unchanged)...I guess we'll just have to hope and wait and see... ReplyThe Bear Market in Aerospace & Defense [view article]
When big wars are over, defense stocks go down. It's that simple.If you check out what happened to BA, GD, and LMT between 1968 and 1974, you will have an idea about these stocks' near future. Reply
The Bear Market in Aerospace & Defense [view article]
loved the article. and for the many reasons mentioned, I am a buyer of Allegheny Technologies at these levels. Strong and steady is how I describe both their management and their business. Really a solid, well managed company. Should go a lot higher from here. ReplyJune Defense Sector Update [view article]
"a decline in defense stocks was an overreaction to issues unrelated to the sector"Both ITA and PPA have underperformed the S&P 500 this year...they've been terrible etf's to own in 2008. Reply
June Defense Sector Update [view article]
The interrelationship between US and UK (or Euro) business can only be a good thing, after all we are rumoured to be allies. The M&A playground is a great stimulus for business. However, as a Brit working in the UK, I do find it thoroughly frustrating that my American colleagues, vendors and customers cannot share information with me due to ITAR. We are working for the same thing but we make it so hard for ourselves. Purchasing an American company ensures that the technology and information can stay in the US, that's why we like to do it. ReplyEditors
General Discussion on MTCT
Is this a buy or a sell? ReplyDefense Sector January 2008 Review [view article]
They're really pumping a lot of financial attention into the aerospace-defense sector, but it appears as though the corporate behemoths continue to overpromise and underdeliver because they just don't have enough engineers from their "fragile constellation" of star performers playing ball for the money under the working conditions characteristic of aerospace-defense for a performing engineer. ReplyThe Defense Sector in 2008 [view article]
How long will it take before we realize that we can't afford to spend a trillion dollars a year on maintaining a military empire that is bleeding us dry? We spend nearly as much on "defense" as the rest of the world combined. We also have the dubious distinction of being far and away the world's largest arms exporter.Rome, here we come. Reply