Rotation, Rotation (Of Capital)
Jeffrey C. Borneman | October 25, 2016
I don't often spotlight a single company in the MDEF universe but Lockheed Matin has made the "exception" list.
The world's largest defense company's statement today aligns perfectly with the MDEF premise of the rotation of capital into the bare essentials. As the world's economies and banking structure is bending under unprecedented weight, capital will flee to areas of safety, reliability and returns.
FTA: Lockheed’s third-quarter profit of $2.4 billion was up from $865 million a year earlier as per-share earnings rose to $7.93 from $2.77, and sales climbed 15% to $11.55 billion. For the full year, it boosted earnings expectations to about $12.10 a share and revenue to $46.5 billion.
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By: Doug Cameron of WSJ Article Date: 2016-10-25