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Northrop Grumman Corporation Message Board

  • chemsysus chemsysus Jun 5, 2013 1:52 PM Flag

    NOC due for a 10% haircut

    Defense spending will get the largest cut due to the sequester budgets cuts. NOC will see near term declines in revenue and profits. Long-term, defense spending will get cut a lot as most Americans think defense spending is too high. NOC will see revenue declines for the next several years. NOC is due for a 10% haircut IMHO. The party is over for NOC stock investors. Sell now. Back to $50 coming.

    Sentiment: Sell

217.05+0.56(+0.26%)Sep 23 4:03 PMEDT