Published Mon, 29 Jun 2020 07:21:25 -0400 on Seeking Alpha
Seeking AlphaLong Ideas | Industrial Overlook Meager Yield - Northrop Grumman Is A Great DiscountJun. 29, 2020 7:21 AM ET|| About: Northrop Grumman Corporation (NOC)by: Wolf ReportWolf Report Long only, value, Growth, growth at reasonable priceSummaryI've kept my eye on the defense company Northrop-Grumman since I missed the opportunity back in the first corona crash.
Northrop Grumman has fallen back down quite a bit, from $340 to $300/share, and this makes the company not only appealing, but a very possible 19-24% annual return investment.
Northrop Grumman is a "Buy."
Some of my readers say that finding undervalued companies in the recovering market is becoming harder. While I do agree that we don't see the same sort of ridiculous, fun valuations for excellent companies of 3 months back, that isn't necessarily true for all companies.
In this article, we'll look at an example of a company which despite initially recovering, has dropped back down and can now be had at quite an excellent discount to forward earnings and trends. In fact, the company in question is, as of the date I'm writing this article, so well-valued that it's even slightly below the corona valuations in March.
Which company do I mean?
Let's look at Northrop Grumman Corporation (NOC).
Northrop Grumman - What does the company do?
Northrop Grumman describes itself as a leading global security company. Whether it be on land, at sea, in the air or in space or cyberspace, NOC offers customers a broad portfolio of platforms, systems and solutions for various client needs.
It is, without a doubt and seeking not to mince words, one of the planet's largest weapons manufacturers and military technology providers. It also ranks high in the fortune-500 and has around 90 000 employees. The company's history can be traced back to the early 20th century in 1939 when it was formed as the Northrop Corporation. At the end of the cold war, the company then bought Grumman... Read more