01-29-2022, 11:20 AM
(01-29-2022, 10:42 AM)rnsmth Wrote:(01-29-2022, 10:35 AM)fenders53 Wrote: Do you know where they are on pension liabilities? I only ask because they took a charge on an earnings report in 2021 and said it would trim earnings again for a few quarters in 2022. And here we are with the stock up $50. It's common for legacy industrials that used to have generous pensions. Just curious if it came up in your research?
I was aware of it. In my view, LMT dealt with pension liabilities in a way that was beneficial to to company and its shareholders.
They said there was more to come in 22, which is why I asked. Nothing that LMT did wrong or anything negative. Just a remnant from the past when pensions were common. A lot of blue chips have had to navigate through it.