Posts Tagged LMT
LOCKHEED MARTIN CORP (LMT)
We’ve been selling Lockheed Martin (LMT) – It has been entirely profitable, and the business is very sound, but with about a 25.75% gain to be had, plus locking in some great dividends, our real return total has been about 38%. Not bad for a year or two’s ownership.
After the November elections, it is possible that the Congress might actually return to doing the people’s business, and, with that, consider how to get the vast overspending of the Reagan/Bush years behind us. Defense has been a cash cow for a long time. The move towards drones and other more effective/less costly projects will impact LMT, as will what will be certain to be significant cutbacks in U.S. defense spending, even with the industry’s heavy lobbying. The closer you get to election time, the more this will start weighing on analysts. SELL.