The Correction In Precision Castparts This Year Is A Buying Opportunity
Posted on December 1st, by Mitchell Warren in Free Articles, Options Risk Management, Trade Ideas. Comments Off on The Correction In Precision Castparts This Year Is A Buying Opportunity
The Correction In Precision Castparts This Year Is A Buying Opportunity
My article on Precision Castparts (PCP) for Seeking Alpha
Precision Castparts PCP is a $34B manufacturer of fastener systems for the aerospace industry and industrial gas turbine applications. The metal components maker reported Q2 EPS of $3.24 per share vs the Wall Street consensus estimate of $3.29 per share (12.5% year over year growth) and revenue of $2.52B vs the $2.53B estimate (7.7% year over year growth; 4% on an organic basis). Operating income and net income totaled $706M and $467M, respectively…Click here to read the rest of the article.
