Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

It does not mean that RTN may not have a ramp, I just think that with their very weak balance sheet and negative net equity, they could easily drop to the mid to low teens. Other companies (like BA with a true book of $8), or a company like BLL with a positive chart are better candidates in the defense sector. One of the main problems in the defense sector, as a result of the massive consolidation in the last ten years is that a lot of the book value is fume, or goodwill. That even applies to the like of ATK, LLL and even BLL (which ids OK only because the chart is, on a valuation basis, BLL is very expensive and any misstep could bring it tumbling down 50%).

Zeev