ITT Corporation (NYSE:ITT)

Very good fundamentals.

PEG, P/FCF, analyst, EPS next 5 years.

three businesses: water, ammo, and flow-control systems. all three are indispensible and tend to avoid cutthroat competition. i'm buying this very soon.

Short-term catalyst--The spinoff of its water and defense divisions later this month will create three smaller companies that compete well in their respective niches. Each is small enough to be excellent acquisition candidate. XYL, the water business, will become the largest pure play on water technology (similar to Nalco before its acquisition by Ecolab). XLS, the defense business, may drop the most in price in initial trading.

The sum of these three business is worth well over $60 a share, compared to its current price of $43.

this was an underperform, argh

ITT has underperformed the S&P 500 since its announcement that it is breaking up nito three companies. I expect its stock to rise as we approach the date of this transaction.

Deej

With the recession, there has been consolidation in industrial equipment companies. These companies are now poised to profit on larger market share and larger margins.

Operational Excellence basket

Spin off should help the company trade closer to NAV.

Atlantic

Mentioned at the Value Investing Congress. I'm willing to give it a shot, in CAPS.

Hightech weapons systems orders will increase as Afganistan fails to stableise and Iraq forces need tools that the US used

Compelling valuation at 11X forward earnings. Transforming itself into the major player in water infrastructure.

ITT's strong link to the military and satellites should keep them busy for many years to come. Look for them to broaden their horizons as they go.

Well Run Company, products for the future, Oil, gass and WATER and Waste Water

under CEO ,steven loranger, focus is shifting toward non-military projects.

I do believe the rumor on this stock. Expect take over within 2 weeks

A diversified company. They have their fingers in defense, electronics, communications, fluid technologies, etc.

They are a subcontractor to Lockheed on the F22 (maybe the F35 too) for which production just got cut, but there is very strong international interest in buying these planes. If those sales get approved, that could be a revenue boost for ITT (via Lockheed)

ITT just received a new contract to build instruments for NASA (and JAXA?). ITT space division is known for climate and weather observing satellites, and if the democrats have their way, there will be increased spending in this area to fight global warming.

Can't go wrong with bluechip, which is primarily invested in defense and infrastructure(water processing). War and homeland security need will continue for years to come. Global population needs potable water badly and this need will persist! $$$$$$$