This is a can't lose stock. For years - yes literally years, I've sat sat on the sidelines waiting to snag TXT. The fudamentals have been there but the momentum frankly sucked. Although I still feel there is some senior management dead weight, the tide (more than TXT) has changed significantly from high techs to value and defense industry issues. TXT is a key player in military helicopters and the new BA609 will be a major hit.The P/E several weeks ago got rediculously low. I had to scratch the itch at $44. Now add to this the election promises of both Gore and that drunk from Texas to spend more on the military. What a sweet buy. Momentum has returned and I'm long.
Momentum sucked? It was tremendous through most of the ninties. Unfortunately Lewis managed to switch the direction of the momentum to an unbelievable degree.
I guess you have his incompetence to thank for your good fortune.
Keep in mind - it really didn't have anywhere to go but up a little from the low $40's. The real question is where it will go from here. It hasn't been long ago that we thought $60 was a ridiculously low price.
$44 is a good buy and I'm sure you stand to turn a nice profit. However, the long term recovery is far from certain, for alas, the albatross still hangs from our neck...