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Textron Inc. Message Board

  • crazyeddiemuldoon crazyeddiemuldoon Jan 22, 2013 11:10 AM Flag

    Looking for advice on TXT

    Hi all,

    I’m interested in knowing more about TXT, preferably from contributors who are long and familiar with the stock’s history. Additionally, I’m interested in hearing opinions/projections on the outlook over the next few years.

    Thanks in advance,

    Crazy Eddie

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    • Wait for TXT to cross 29.36 at close of a week, then jump in. If it backs off from current levels, wait for the time it is closer to 25.84, then get in and ride to $60 in a couple of years. Good solid manufacturing company, benefiting from war and pent-up demand in aviation, slow and sluggish in corporate and stock moves, but owning this stock is a conservative play and better than leaving money in bank because stock will double and dividend will go up from here.

      Sentiment: Strong Buy

    • up 14.5% YTD ... #1 out of my 23 ... once resistance just under $30 is broken, should drive to mid-30's ...

      Sentiment: Buy

    • Hey, Eddie, what's the story? ... I have invested in Avco/TXT since the '70's (when the Crazy Eddie ads ran) ... also worked at Avco HQ for 15 years before parachuting from TXT ... although a frustrating rollercoaster to ride (check out the max graph), I am absolutely convinced this will recover to north of $60 in a couple years ... they cleaned up TFC and have a fine portfolio of businesses ... defense products are solid and appropriate for the future and should survive any cuts ... Cessna should slowly recover ... div should increase, recall it was $1 in 2008 ... and many of us here agree a split-up will unlock value and hasten a recovery ... spin-off Cessna, Bell and Systems similar to what Tyco did over recent years ... good luck!

      Sentiment: Buy

39.50-0.68(-1.69%)Sep 29 4:03 PMEDT