Technology-based manufacturer operating primarily in the U.S. Continuing operations are organized into two segments: Aerospace and Defense, includes the operations of Aerojet-General Corporation and Real Estate, activities related to real estate assets.
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Price will drift up as real estate value becomes apparent. Perchlorate issues will provide periodic buying opportunities.
Weird, weird mix of armament manufacture and land assets. Even with a tiny expected 2007 profit, P/E is sky high.
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