Gene Marcial, Forbes: Why Gabelli Is Hot On Shares Of Military-Equipment Makers
Even as the stock market is taking an unprecedented beating, not every important investment player is necessarily bailing out or giving up on equities. To some stouthearted investors – yes, there still are brave optimists around – the reaction is, “This, too, shall pass.”
The best recourse, they argue, is to engage in an aggressive stock-buying program to re-build currently crushed portfolios by augmenting them with fundamentally sound equities now selling at fire-sale prices.
A proven way to counter an ugly market mood, they say, is to pick selected and meticulously researched companies. Indeed, applying savvy stock-picking is a way to seize bargain opportunities, such as the fallen shares of, Apple AAPL) shot down to $97 a share on Jan. 7, from $118 just last month, and Facebook, which got blasted down to $96 from $107.
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WNU Editor: I have always used the stock market to analyse future trends in war and conflicts. When the markets are down .... that is a prediction to me that global wars and conflicts will be decreasing in a year or two. When defense stocks increase .... they are projecting more wars and conflicts 2 years in the future. This is why this changing sentiment on defense stocks concerns me. There is now a growing sentiment that wars and conflicts are going to escalate in the next year or two .... and we may see that translated in rising defence stocks. There is also going to be a political change in Washington this year ... and I suspect that the next President .... regardless of who he or she is .... is going to boost the Pentagon's budget.
WNU Editor,
ReplyDeleteThe time to buy was September 12, 2001.
Every $1 invested in United Technologies would be worth $6.59 by now and the sky is the limit. Every $1 invested in Rayethon would be worth $4.57.
In contrast, every $1 invested in the S&P 500 would be only worth $2.78.
Unless Bernie wins, the other viable Candidates for POTUS have all promised to add at least 3 more losing wars to the current US inventory of 134.
http://www.tomdispatch.com/blog/175794/
Mario Joseph Gabelli is an American stock investor, investment advisor, and financial analyst. He is the founder, chairman, and CEO of Gabelli Asset Management Company Investors, a investment firm headquartered in Rye, New York. --"Gabelli Is Hot On Shares Of Military-Equipment Makers"
ReplyDeleteWell good for Gabelli. My main hobby is Lockheed's F-35 mistake-jet. Lockheed (LMT) is the world's largest defense contractor, and it is screwing up big-time on F-35 .... and the chickens are coming home to roost.
I wouldn't expect Gabelli to know that.