Harris Corp (NYSE:HRS)

Slowdown in U.S. defense spending.

Amazing company, great products, and the most reliable customer in the world.

Yield 3.05%. DGR 17%. PE 11. Normal PE 22. EPS Growth 9%. 11 year Dividend Contender. Undervalued. Position held in Brokerage account. Reinvesting dividends. Intend to increase position using cash dividend payouts from other stocks and new investment funds.

A high dividend yield and government contracts push this stock onto my "Outperform" list

People worry about defense spending cuts, but the world isn't getting any safer.

market position, international exposure

346. Harris Corporation (NYSE: HRS) is doing buybacks on the borrowed dollar. I would normally dislike this but I think that they are fine for now. I actually think that they are remarkably cheap. I'm a fan of the buybacks. They've been a growth story and are forecasting growth and are doing buybacks at a cheap price. Brilliant. Target: $45-$55. Outperform. They also come with a solid dividend of 2.7% at present. If I was them I'd cut the dividend in half and do more buybacks. It's better for long term shareholder value at these prices. When the valuation is low I want companies to do buybacks and when the valuation is high I want them to pay dividends.

http://beta.fool.com/bradford86/2012/02/02/whats-it-worth-57/1577/

key4

As 2012 wears on and the market gets more and more confident Obama is out the door, HRS will steadily march up and then take off once Republicans are back in control. Nice dividend, too...

Rifleman Radio, JTRS, android stuffs. Good potential.

Dividend; last five years of div increases; reasonable mid-2011 multiple

MFI simulation

P/S=1
Manageable debt 455m cash vs 1.17b LT debt.
PE=9.4
Has moat.

I've seen and used Harris products in the field. With the ever increasing communications demands of today's military, Harris isn't going away any time soon. They provide essential capabilities to any mobile unit.

Filling out my CAPS player with highly-ranked dividend payers.

great fcf, low dividend payout and good growth. Defense sector will continue to do well, given the middle east turmoil

I expect Harris to grow and steal market share from their competitors, especially in the government / public safety communication market. My target is 3 years.

A really well run company in a depressed sector. Tops in its field. Great balance sheet. Consistent earnings and revenue growth. Defense cuts fears overblown. What not to like?

Value play.