Esterline Technologies Corp (ESL)
A specialized manufacturing company principally serving aerospace and defense customers. The Company designs, manufactures and markets highly engineered products and systems for application within the industries it serves.
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Esterline Technologies manufactures a wide range of engineering products. With very little debt, it has a very attractive PEG, P/E, and P/B values. This company is on the fast growth trajectory as PEG is about half.
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With a PE of 6 this is a no brainer. Look for this to head into the low 30s within 6-9 months. The recent drop off a cliff is a great time to start buying.
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The company is cash flow positive and is expected to earn about $3.80 in a difficult environment this year. Shares on this date (3/20/09) are trading for substantially less than book value.
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A strong-performing defense contractor that isn't followed closely by Wall Street yet. That might change before too long, and this stock could really pop.
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I hesitate to make any picks in this volatile market. It's a good thing that my real money goes into long-term investments. I expect this money to do well in the long-term as well, but I would not be surprised to be negative in the short-term.
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de-leveraging further down, p/e of 6-7 during recession and future defense budget cuts, I'd just stay away...
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Canadian Gov't denied them research access.
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COMPANIES IN THIS AREA WILL SEE A DECLINE IN THE NEXT YEAR AS FOCUS SHIFTS TO OIL COMMODITIES.
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We are not leaving the Middle East, no matter who gets the seat of shame in the White House. These companies will do well.
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Nich focus on materials and products for the defense/space/commercial aerospace/high-end industrial applications.
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Continured short term trend.
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This stock along with the rest of the defense sector is heading higher. Say hello to investors and money managers looking to survive a recession this summer by jumping into defense. Learn to follow the crowd (mutual funds and such)--it consistantly weathers better than navigating against the grain.
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Boy has this one jumped since the last time I looked at it.
I seems to be a successful company with steady growth and a positive future. It's P/E is in my prefered range and does not seem to just be a stagnant military contractor, but is looking to add products in the civilian markets as well.
Incidentally, I think that Aerospace is poised to jump with the next recovery and I am looking for good, healthy, forward thinking Aerospace companies to add, both here and in my personal portfolio.
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With strong fundamentals and strong earnings and a no nonsense plan, this company continues to develop innovative products. I look for continued strong earnings as long as there is demand for it's military hardware and materials. However the company has a defined strategy for increasing it's presence in the civilian markets as well.
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I'm waiting for 2 years of consistant statements
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The aerospace segment will blow it out in 2008.
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Breakout of basing pattern on above average volume. Target $61
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Good aerospace company.

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