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Lockheed Martin Offers Terrific Value
In the late 1960’s, military stocks were cheap. Americans were sick of the Vietnam War, and the U.S. government was pressured to cut-back on its defense budget.
A young investor believed this sentiment was temporary and loaded-up on Lockheed stock for a price per share “in the vicinity of two dollars.”
That investor was Jim Rogers, co-founder of Quantum Fund and one of the most successful Wall Street traders of the 1970’s. As Rogers later remarked, “Lockheed went up a hundred times over the next few years.”
Today, Lockheed Martin Corporation ($LMT) is nowhere near $2 per share.
But on a price to earnings ratio, Lockheed Martin stock is still cheap.
It’s also a wide-moat business. A long-term market-beater. And, a dividend growth stock.
Which is why we’re examining it today.
A Little About Lockheed Martin Corporation…
6,000-ton nuclear-powered flying aircraft carriers.
Suborbital spaceplanes.
Hyper-sonic Mach 6 stealth reconnaissance jets.
These are just some of the experimental projects conducted by Lockheed Martin’s covert “Skunk Works” department.