Posted 12/18/2023, 2:54:00 PM
Lockheed Martin Stock Presents Buying Opportunity Despite Global Tensions
- Lockheed Martin stock underperformed in 2023 despite ongoing global conflicts, presenting a buying opportunity
- The company has slow but steady revenue growth due to long-term government contracts
- Strong competitive position and consistent growth have led to impressive dividend, buyback, and EPS gains
- Shares trade at a discount to the market based on P/E and P/FCF ratios
- Durable business model and discounted valuation make Lockheed a strong buy for long-term investors