var fbShare = {url: 'http://ceoworld.biz/ceo/2009/10/21/reasons-that-will-influence-joint-strike-fighter-future-procurement-decisions-cause-lower-f-35/',size:'large'}Lower (world wide) quantities mean further cost growth Delay of F-35 system development, delay of low rate production and full rate production with several years, the uncertainties about a (fixed) price, a “level line price” or a “consortium buy price”, the uncertain delivery schedule and the political situation have [...]

var fbShare = {url: 'http://ceoworld.biz/ceo/2009/10/21/detail-analysis-of-the-changing-us-f-35-procurement/',size:'large'}Quantities F-35s of the US Air Force Current jet fighter fleet (August 2009) A-10 Warthog Total of 356 A-10A/A-10C/OA-10 The A-10 is undergoing an upgrade/life extension program from 2007-2011 to extend service life until 2028 Some additional 188 A-10s are in storage. F-15 Eagle Total of 663 Boeing F-15 Eagles: 46x Boeing F-15A (152 stored) 9x Boeing [...]

Recently, Precision Castparts Corp. (PCP), a diversified manufacturer of complex metal components and products, has completed its acquisition of Carlton Forge Works in Paramount, California. Carlton is a leading manufacturer of seamless rolled rings of nickel, titanium and steel for utilization primarily in aircraft engine (80%) and gas turbine (20%) applications. Precision Castparts has also [...]

(PCP) Precision Castparts Corporation Closes Deals

Today there were a couple of posts about how tech stocks are currently especially attractive because they hold plenty of cash and tend to have little debt. Paul Kedrosky initially caught my eye with his post "Tech Cash is King" which in turn pointed me to a story on Bloomberg by Eric Martin. I ran a screen tonight that looked at both cash and debt. Specifically, I screened for a Price-to-Cash ratio under three, a Debt-to-Equity ratio under three and a Market Cap greater than $2.5 million. Based on these criteria, I obtained a list of 136 stocks. Judging from our list, it is absolutely true that many tech stocks do seem to have lots of cash and little debt. What also became apparent as I went through the list is that there[More...]

I am finding more charts that look good on the long side, although most would benefit from a low volume pullback. Here is the my watchlist, all long: TNH, APWR, PXP, PDO, MTL, DO, SMH, AG, ZEUS, CLS, RRC, RIO, CNQ, FCX, AUY, TBSI, EXM, GPOR, XEC, CCJ, CHL, CRS, BEAV, WAG, ATI, PCP, APA, WW, EGLE, MPEL, RAH, ADCT, EGY, RIG, ENER. While the watchlist is dominated by long picks, I am not fully in the bullish camp yet. Yesterday's end of day selloff created some long upper wicks on candlestick charts, generally a bearish indicator. Let's take at the SPY chart as an example: <img alt=""[More...]