In February of last year, I had a long discussion with a number of investors who owned shares in various aerospace suppliers. We all agreed that aerospace was the best industrial segment to be in. Back
Put Howmet Aerospace On Your Watchlist
Summary
- Howmet Aerospace was one of the biggest losers of the 2020 COVID-19 sell-off.
- However, the company has recovered and is poised to deliver strong free cash flow and EBITDA starting in 2021 as it has the ability to use pricing and efficient production.
- The stock isn't deep value anymore, but not having Howmet on your watchlist could be a mistake as I consider it to be a fantastic buy during corrections.
Leo Nelissen is an analyst focusing on major economic developments related to supply chains, infrastructure, and commodities. He is a contributing author for iREIT®+HOYA Capital.
As a member of the iREIT®+HOYA Capital team, Leo aims to provide insightful analysis and actionable investment ideas, with a particular emphasis on dividend growth opportunities. Learn More.
Analyst’s Disclosure:I am/we are long RTX, BA. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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