Thoughts on Lockheed Martin (LMT)


LMT has gotten hammered over the past couple months because of news the company is gonna miss slightly on F-35 deliveries. Selling for a reasonable valuation of 14 times for a secular company that isn't gonna be growing at a high rate but whose clients are extremely dependable. Decent share buyback and 3% dividend that eats up less than half FCF. Not much debt. From a technical aspect, seems to be hitting a 4-year support level at 395. Does this seem like a good time to open a long position? Thank you


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