$20.11
-0.51 (-2.47%)
Textron, Inc. (TXT)
CAPS Rating:
A global multi-industry company with operations in four business segments: Bell, Cessna, Industrial and Finance.
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Textron made a change last year and since has been on a consistant climb. The aviation section has been making up for the losses they experienced a few years ago, and with the new government contracts they have plenty of room to climb. I expect them to beat the 52 week high in the near future.
I agree. Company will come back. Good product line. House whole names. Well establish Company.
I initially said TXT would underperform and was, in the end, quite wrong about that. My initial worries remain, however, about TXT: Cessna makes wonderful aircraft but financing is a mess and they've idled portions of their production line. Bell has lost its innovation edge and make no friends throughout the ARH boondoggle. Getting rid of the fasteners division, however, was a good call. Let's hope they keep their act together. Had I bought when I down-thumbed it, I'd be close to 200% returns! Ughhh....