We’ll group these two markets together<!----> because the use of special
metals from the likes of PCP for power generation and industrial
markets are often very similar.
Precision Castparts (PCP) has been on a nasty slide <!---->down to $100since tapping $130 when it reported earnings on May 6, 2008. Stockswhich supply products going into commercial airlines, including PCP,continued to be sold off. Investors seem spooked by recent fleet downsizing by the major U.S. carrierson the back of high oil prices and struggling consumers. Or, PCP isgetting dumped along with all other stocks related to Defense justbecause Obama won the Democratic nomination, which people take to meanObama will be president and that the U.S. will never need a singlebullet again or s
Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice ! As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.
This afternoon, when the selling pressure became more severe, my Precision Castparts stock, which was actually moving higher originally, turned lower and hit a sale point and was sold. I sold my 64 shares of PCP at $108.79. I had actually purchased these share on 10/24/06 a
PCP is a great buy, Boeing has sold more plane's then ever with orders booked for the next 10 years. PCP with it's vast holdings are at a record in backlog orders. It's management has been succsessful at streamlining operaions and reducing coast. Aerospace manufacturing is at a all time high, with orders in plcae now, this industry is well positioned for th next ten years. I see this stock at 200.00 by the end of the year.
Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice ! As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.
PRECISION CASTPARTS (PCP) IS RATED A BUY
A few moments ago I sold 10 shares of my Precision Castparts (PCP) stock at $151.79. This was 1/7th of my position of 74 shares. I now have 64 shares in my trading account. This is my 4th partial sale of PCP which has been an
China, India and the rest of the world's emerging economies are buying commercial airplanes to handle the expected surge in business and leisure travel from their citizens. When plane buying curtails in 2011, US airlines will start replacing parts for their existing aircraft engines, a cycle that will last another several years.
Main suppliers to jet engine makers GE, United Technologies, and Rolls-Royce. Makes non-commodity parts, 17% operating profit margin. Typically metal-casting companies have below 10% profit margin.
A few moments ago my Precision Castparts (PCP) holding hit one of my appreciation targets. As you may recall, I use 30, 60, 90, 120, then 180, 240, 300, 360, 450, 540%...etc. targets to sell 1/6th of my holdings. I sold 20 shares of my 120 share position (leaving 100 shares in my Trading Account) at a price of $90.20. I had purchased these shares 10/24/06, about 3 months ago, at a cost basis of $69.05. It has been an excellent performer for me!
This sale represented a gain of $21.15/share or 30.6%. Since I am at 14 positions, under my maximum of 25, this also gives me a "permission sl
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PCP
About Precision Castparts Corp.
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