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B/E Aerospace Inc. Message Board

  • mister_green_genes mister_green_genes Nov 4, 2008 12:04 PM Flag

    Buy Rating Started

    NEW YORK, November 4 - Analysts at Davenport & Company initiate coverage of BE Aerospace Inc (BEAV) with a "buy" rating. The target price is set to $30.

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    • Couldn't Disagree More on this one. BE Aerospace now has a near Monopoly on Aicraft Fasteners after the Honeywell CS acquisition which means basically every Nut/Bolt/Rivet/etc that hold an Aircraft together will likely come from this company. This means not only new OEM builds but also ALL required maintenance as well. That biz alone is an approx $1.2B to $1.5B revenue generator and the growth should be considerable over the next few years. BE already has a near Monopoly on Aircraft Interiors as well including Seating/Lighting/Safety Equipment with little if any competition. I fully expect this stock to be up to the hi teens/low 20's very soon and close to 30 by spring. They provide a service that OEM's/Airlines/BizAircraft can't do without and the maintenance portion alone is huge. This stock is a STEAL at the current price and it will not last long.

    • BEAV now at a new low and no good news in sight.

      The trick to buying now is to determine which stocks will lead the inevitable rebound.
      One thing is certain.........
      People worldwide will have a priority to stay fed and warm.
      I personally like bulk carriers of coal and food as well as equipment manufacturers that enable these commodities to get to market.
      Bulk carriers like EGLE and DRYS are getting hammered because of the inability to get financing in a finance market nightmare. I expect this will become a priority when governments realise that their constituency is getting hungry and cold.
      CAT and JOYG and John Deere should also benefit soon as the recession continues.

      Now is not a bad time to begin nibbling on fallen stocks.

    • This market, will slowly drain the life out of you.Beav falls on a good day and looses on a bad day. I'm trying to figure out if this stock will rise again. there sure was alot of selling.The market makers have a knack of bringing it down

    • November 4, 2008 1:05 PM EST

      Davenport initiates coverage on B/E Aerospace Inc. (Nasdaq: BEAV) with a Buy. Price target $30.

      Davenport analyst says, "Market leader in commercial aircraft interior products and aerospace consumable hardware trading at 4.3x our 2010 EPS of $2.96. Market is ignoring B/E’s revenue earnings potential on new-build, widebody aircraft and HCS margin expansion...While Boeing (NYSE: BA) and Airbus might throttle back on narrowbody production, we find it unlikely that they will cut widebody production. In fact, widebody rate increase should not be ruled out as Boeing now at risk of losing sales to Airbus on 787 delays."

      BE Aerospace, Inc. is engaged in the manufacture of cabin interior products for commercial aircraft and business jets, and is an aftermarket distributor of aerospace fasteners.

    • Davenport! Great stock pickers! Below is a link to their muttie fund. Notice it's down 18.88% on the YTD return. Yep, that's who I'd want helping me pick my invenstments. I wonder if they own Beav? Of course Yahoo only lists the top 10 holdings, but ya gotta wonder if they got stuck with the Beav.
      Last jan 08 it was trading around $17, now it's $10. At least that's a better return than you would have gotten by holding Beav the same period I guess.

      Here's a link to their Muttie Fund.

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