Precision Castparts Corp. (NYSE:PCP)
A manufacturer of complex metal components and products, provides high-quality investment castings, forgings and fasteners/fastener systems for critical aerospace and industrial gas turbine applications.
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The aerospace industry is in a growth period driven by next generation aircraft and fuel efficient engines. GE will grow with the Leap-X engine which will replace the CFM56 engine. Pratt & Whitney has made a large bet on their Geared Turbo Fan engines as a competitor to the Leap-X. RR has growth on the Trent Family of engines (900/1000/XWB). Both Airbus and Boeing have solid backlogs for new builds, and again, the retro fit of current aircraft with more fuel efficient engines will drive engine builds higher than the aircraft build rate would predict. This is where PCP will benefit greatly.
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I lost a company I really liked to PCP when they bought TIE. This is a way to get some of TIE back, and buy into the future growth of airplane and other precision manufacturing.
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Dreamliner will take off once the daily noise settles down.
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Precision looks to grow significantly as the airline industry rebounds, along with the economy as a whole. The second half of 2013 looks very good for this stock.
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I think its best this way. I hope I can get money by this.
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MF Stock Advisor
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The airlines are starting to buy newer aircraft. PCP supplies to both Boeing and Airbus as well as smaller manufacturers. The outlook for replacement planes is very good.
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casting is cheap.machinery for it isnt. pcp just needs to keep working.margin machine
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As we come out of the recession the business jet industry will begin to heat up. This is a very cyclical industry that has fallen on hard times. Precision Castparts makes metal fasteners and cast parts for the aircraft industry. Look to companies like PCP to benefit as companies like Textron (owner of Cessna Aircraft) get back on track. Other companies like Boeing will be big customers of PCP as the dreamliner comes on board. Boeing also won a rather large military contract for tankers from the U.S. government.
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As business picks up, more and more people will be flying, which will require more and more spare aircraft parts. Also, as fleets age and new models come on line (get with it, Boeing!) PCP will be a supplier of choice for machined components.
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Very little debt. Has held steady during this recession. Analysts are high on PCP,
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Check after a few weeks.
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PCP is tied to Boeing and the world must replace ageing aircraft
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Strong 787 demand and top management
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This is an extremely well run company, a leader in specialized parts for aerospace, great relationships w. customers. lots of cash, min debt. not a flash in the pan but a long-term winner, top drawer company.
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This account tracks the performance of the investment firm Ruane, Cunniff, and Goldfarb - the investment manager of Sequoia Fund.
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Expected Boeing and Gov spending Rev growth dosn't seem to be factored into growth estimates, mostly because they aren't really known. PCP has had a nice run up so we might see a slight pull back in the short term, but by this time next year PCP should be trading at 120+
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They make little precision metal parts.
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This will be an Obama-friendly company whose products will be in great demand
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Hate war.
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