One of the more exciting things about a crash like the one the coronavirus is currently gracing us with is that while companies which the market views as somewhat speculative or unsure, based on market action, are cheap, is the other companies that become cheaper.
I'm talking companies which in the eyes of the broader, general market generally are considered to be untouchable stalwarts and havens. General Dynamics (NYSE:GD) is one such company, and following Friday last week, the stock price finally broke through the barrier and became appealing.
Let me show you why I think you should invest in this business, as I have.
General Dynamics - What does the company do?
General Dynamics is a no-nonsense aerospace and defense corporation. It's one of the largest in the world in terms of sales, and it's a member of the Fortune 100. With over 60 years of history after its formation by the merger of Electric Boat and Canadair back in 1954, it now operates in five appealing segments of business.
(Source: General Dynamics)
These are:
- Aerospace, containing the Gulfstream and Jet Aviation businesses, which is an appealing mix of business aircraft products and business aviation services, including FBO, Maintenance, Charter, Staffing and Completion services.
- Combat Systems, developing and manufacturing wheeled and tracked vehicles, tanks and combat vehicles/ACVs as well as weapon systems such as rockets, Gatling guns, and lightweight vehicles.
- Marine systems, which contain GD's developing and manufacture of naval vessels (Such as the Arleigh-Burke and Zumwalt-Class), submarine building and support ships such as oil tankers and dry cargo carriers. This segment is also responsible for naval vessel repair in the US.
- Information Technology is responsible for the development and creation of large-scale IT network systems and professional IT services for the defense sector, as well as
