Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next
Author: newsreporter Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 117  
Subject: S&P Views Date: 10/30/2006 3:50 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
http://tinyurl.com/y3pvkx

L-3 Communications (LLL)

Upgrades to 5 STARS (strong buy) from 4 STARS (buy)

Analyst: Richard Tortoriello

Given comments by CEO Mike Strianese reported in the Financial Times today, we believe L-3 plans to slow acquisitions, improve profit margins, and potentially offer itself for sale. Under a recently approved plan, senior officers would receive 1-3 times annual salaries and bonuses on termination in a takeover. Given our view of L-3's strong fundamentals, low valuations, and favorable markets, we view its shares as compelling. We are raising our target price to $100 from $91, based on 17.5 times our 2007 EPS estimate of $5.70, in line with L-3's 5-year average forward p-e.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Economic Implications of Cuba
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement