FoolishFlyer:

Well, you know your military stuff. The chart on GD looks durn good. Trouble is it now has a pretty high PE for that business and as you say a "slow grower". After the run they have seen, I can't imagine there is much more left.

I think I'll hang on and see if GD can regain the 70s as it took a hard hit on this news. I really thought it wouldn't since GAC is so profitabe. I thought GE would gain a few dollars giving us a great arbitrage spread. I still think if the market gives us a break we can get 73 bucks for GAC.

One reason I was thinking of holding GD for a little while is the crash season comming up and if I can hold on till Oct. I can make this a long term gain. I thought they may have some downside resistance, but they showed today they don't. GAC has a better PE and a higher growth rate.

wolfeman