Exelis Inc Com (NYSE:XLS)

CAPS Rating: 5 out of 5

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1
Player Avatar shamapant (78.14) Submitted: 12/4/2011 10:58:24 PM : Outperform Start Price: $9.20 XLS Score: +6.78

Classic Undervalued Spinoff situation. Exelis trades at just over 4x earnings, and is hit hard for both being a spin-off and being in an industry with a bad rep, defense cuts. ITT shareholders invested for ITT, not for a spinoff company, let alone a defense company...these shares are undervalued-expect a bounce. Add in 4.52% dividend yield....:)

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