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Textron Inc. Message Board

  • cabbage_farmer cabbage_farmer Nov 3, 2000 11:09 AM Flag

    Not looking back on this one-GO TXT !!

    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.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • 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...

 
TXT
44.18+0.18(+0.41%)Jul 30 4:06 PMEDT