| L-3 Communications: Growing Dividend, Priced at a Bargain Chuck Carnevale submits:Historical Norms L-3 Communications (LLL), the sixth largest defense company in the United States remains undervalued in our view. Even though L-3’s fundamentals remain strong, the market seems to be ignoring this well positioned defense company. Currently trading at a mere 10.6 PE ratio its valued below most of its peers.Complete Story » seekingalpha.com |
Lockheed Reports Strong Quarter, Raises Outlook Zacks.com submits: Before markets opened Thursday, Lockheed Martin Corporation (LMT) reported strong fourth quarter fiscal 2009 results and raised its fiscal outlook. In the reported quarter with EPS of $2.17, the company beat both the Zacks Consensus Estimate and the year-ago EPS of $1.98 and $2.05, respectively. However, Lockheed Martin’s net earnings increased only $4 million to $827 million in the reported quarter compared to $823 million in the year-ago quarter. The upside in EPS was fueled to a large extent by lower outstanding shares, which decreased to 381.9 million from 400.7 million in the year-ago quarter.Complete Story » seekingalpha.com |
Honda: Sales Spike, Profits Surge Zacks.com submits: Honda Motor Co. (HMC) has posted a profit of ¥72.1 billion ($776 million) for the fourth quarter of its fiscal year ended March 31, 2010, an impressive increase of 140% from the same period in 2009. This was equivalent to earnings per share of ¥39.78 (43 cents), an increase of ¥138.95 ($1.50) from a loss of ¥99.17 ($1.07) for the corresponding period last year.Consolidated net sales and other operating revenue in the quarter rose 27.8% to ¥2.3 trillion ($24.5 billion). This was attributable to favorable currency translation effects and increased sales in the automobile business. At constant exchange rates, Honda’s revenue would have increased 25.4%.Complete Story » seekingalpha.com |
L-3 Communications: A Defensive Play Bret Jensen submits:Company Overview: L-3 Communications Holdings, Inc. (LLL) provides command, control, communications, intelligence, surveillance, and reconnaissance (C3ISR) systems; aircraft modernization and maintenance; and government services in the United States and internationally. Its C3ISR segment offers fleet management sustainment and support, such as procurement, systems integration, sensor development, modifications, and periodic depot maintenance for signals intelligence and ISR special mission aircraft, and airborne surveillance systems; strategic and tactical signals intelligence systems; secure data links; secure terminal and communication network equipment and encryption management; and communication systems.Prognosis: The stock has dropped nearly 20% in the last few months on concerns about the prospects for defense spending in future years as the administration seeks ways to cut the growth of the budget deficit. However, consensus earnings estimates have increased over last ninety days.Complete Story » seekingalpha.com |
Seaspan Eliminates New Equity Requirements: Our Outlook Remains Positive On Friday, the 22nd of October, Seaspan (SSW) announced that is has eliminated its requirement for new equity following a sale and leaseback of one of the 13100 TEU ships under contructions and an ammendment to the credit facility for the 400 MUSD UK tax lease ships.This is a significant change for SSW and I have therefore updated my discounted cash flow model for SSW to establish a new fair value.Complete Story » seekingalpha.com |