07-14-2013, 09:50 AM
I wish I had gotten interested in LMT a little earlier than I did (but isn't that the way with most stocks!). I started buying in late 2012 when I figured the sequester talk was going to cause an overreaction to the downside. I did catch the early 2013 dip and got a few shares under $87, but my average price per share is more like $92. I'm still very comfortable with this stock, and have come to think of it like my tobacco holdings -- they've got an inherent advantage in that they sell an "addictive" product, and better yet, their customers buy using other people's money (the taxpayers')!