Opinions
David Fingold
Elbit Systems
ESLT-Q
COMMENT
Oct 24, 2017
$151.220
Stock price when the opinion was issued
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Has held for about 10 years. It is Israel's largest defense contractor. It is a leader in electronics, night vision, virtual augmented and reality, lasers, high energy weapons,etc. Has many products for the Israeli navy and possibly for world navies. Defense spending has generally been losing ground but it is now considered mandatory.
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TOP PICK
This has been a long term holding and has been consolidating. It is Israel's largest defense contractor. There is good upside to Israel's defense budget and global defense budgets. It does a lot of business in Western Europe. It is an industry leader in areas such as night vision, cyber defense, high energy weapons, unmanned systems. Buy 2, Hold 1, Sell 0
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TOP PICK
One-stop shop when it comes to defense and military technology. Around since 1966. Market cap of $10B. Reported this morning, and now up 5-6%. Yield is 0.53%.
Note that all his Top Picks today aren't in nosebleed territory, but they're very popular. So you really need to go in by thirds. You can buy some today, but save 2/3 to make purchases later. For this name, buy 1/3 here at $461, at $425, and again at $405.
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Also likes Northrop Grumman and Raytheon, but would be careful about doing too much. In the case of Raytheon, part of the moat is that they have their own semiconductor foundry, which has allowed them to win share within radars. If they have a chip no one else has, that extends the power, range and reliability of radar. In the case of Northrop, so much of the backlog became classified that they were forced to classify the entire backlog. This is helpful, because classified backlog is the best thing to look for, for future growth. It is very well positioned in space. The Minuteman missiles are quite old and are going to be modernized.