If sequestration happens, however temporary, it's likely that stocks exposed to the defense industry will take a dive. Therein will probably lie a buying opportunity. Slow earnings' growth going forward is priced into most defense stocks and Lockheed has responded by upping its dividend and returning capital to shareholders. On the whole I like LMT, but if you are thinking of initiating a position I'd likely wait and see where the cards fall with the squabbling in Washington into the Spring.kelbon
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