Monday, February 05, 2007

Stock Focus: Defense Biz Overvalued?

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. Full story at Forbes.com