John Rogers Comments on Lockheed Martin Corp
- By Holly LaFon
Other holdings slid in the volatile three-month period. Defense and aeronautics company Lockheed Martin Corporation (LMT) fell -7.68%, despite an earnings beat. Specifically, the company announced earnings of $2.74 per share; the Wall Street estimate had been $2.50. Revenues were actually a bit short of expectations, so the market took the stock down a bit, given its relatively full valuation. We continue to see it as a very high-quality enterprise with a strong competitive advantage.
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The intrinsic value of LMT
From John Rogers (Trades, Portfolio)' Focus Fund second quarter 2016 commentary.
This article first appeared on GuruFocus.
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The intrinsic value of LMT
