Nice Yield, Strong Balance Sheet
I'm buying a little on dips. Better yield than what I am getting in my savings account and their balance sheet is better than my bank.
Truth is, even if defense spending gets hit a little, this company can earn greater revenues over time in the private sector from their technology and patents. For this reason and over the long haul, defense spending cuts are probably a blessing in disguise for LLL as they gain private sector market share.
L3 is a very strong technologically advanced company.
Good long term hold and good yield, may get very volatile especially if sequestration happens, but for the long term, I'm very bullish.