Stock Focus: Defense Biz Overvalued?
Posted: February 5, 2007 Filed under: Investing, Washington Leave a comment »WASHINGTON, D.C – With President Bush’s fiscal year 2008 budget submitted this morning, our tally of proposed spending on defense and national security for fiscal 2007 through 2009 comes to $793 billion.
You can decide whether that big number is reasonable or not. We will note, however, that stocks of the biggest aerospace and defense contractors do not look modestly priced.
