07-14-2013, 06:35 AM
I think LMT is OK to hold into the forseeable future, maybe even longer. It's a good company, I worked for their biggest competitor for 36 years until I retired a while back, so I know them to some extent.
Last fall before the election LMT delayed sending out layoff notices so as to not influence the election (or to influence the election, depending on how you look at it). Say what you want but I think this gave them a boost or at least put them in favor with the administration. If you watch their news feed it seems like every day they get a new contract.
I bought a little back in the fall of 2010 at $74 and a bit more on 1/31/2013 at $87. It was one of those stocks I was a little leery of really doing something meaningful with, and regretted being such a chicken.
Last fall before the election LMT delayed sending out layoff notices so as to not influence the election (or to influence the election, depending on how you look at it). Say what you want but I think this gave them a boost or at least put them in favor with the administration. If you watch their news feed it seems like every day they get a new contract.
I bought a little back in the fall of 2010 at $74 and a bit more on 1/31/2013 at $87. It was one of those stocks I was a little leery of really doing something meaningful with, and regretted being such a chicken.