STOCKCHASE

(A Top Pick Feb 14/11. Up 6.05%.)

2012-02-08

DON'T BUY

75.220

Charles Lannon

Gets about half its revenue from commercial and about half from defence. Thinks outlook for defence spending is potentially at risk as governments try to get some of their spending under control.

2012-02-02

BUY

75.370

Mike S. Newton, CIM FCSI

Not a big fan of airline stocks but does like part manufacturers. This company is in a very good position right now with their new aircraft being out. Although he doesn't own it, he would be looking at this right now.

2012-02-01

PAST TOP PICK

73.530

(A Top Pick Dec 20/10. Up 20.41%.) Have a very large backlog, primarily in the commercial aerospace. They've just started delivering their 787’s and she expects that to run. Despite the fact that they have a lot of orders for the 787’s, she expects it will get a lot of orders for the 737’s this year.

2012-01-05

DON'T BUY

73.530

David Burrows

His view is that banks are likely to go through quite a long period of time where they are sold and distributed out of investor portfolios in favour of other types of assets. Earnings multiples that the market is willing to pay may come down over time because the return on equity is challenged. There is only so much capital in the market and their are a group of banks, like the European banks, who are all going to have to raise equity.

2012-01-05

HOLD

67.940

Jim Huang

Just announced a huge deal of $26 billion with Middle East Airlines. Thanks this one longer-term by shorter-term it is a matter of getting execution by selling as many things as possible.

2011-11-14

Comment

64.550

Keith Richards

Had an uptrend from 2009, broke it and is now in a bit of a rectangle. Sideways movement. No breakdown. If it broke through the support level of the mid-$50, it would be dangerous.

2011-11-09

Comment

66.190

Rick Stuchberry

Very cyclical company. Very international. A lot of the demand is going to come out of China. Well run. If you don't need dividend yield and you want to be in this sector, you don't have a lot of options. Dividend yield of 3%.

2011-11-03

BUY

64.750

Great long-term value. Finally made first delivery of latest model. Airlines have to keep their fleets current as most recent models are more field efficient.

2011-10-24

TOP PICK

66.860

Trading not far off what it was a year ago. New model plane is available for delivery. Have significant orders. 12x earnings, good dividend and 15% earnings growth ahead of them as far as they can see.

2011-08-31

PAST TOP PICK

66.860

(Top Pick Sep 14/10, Up 9.28%) Was not selling. It was inevitable that the new model was going to happen. Different companies do the heavy lifting at different times.

2011-08-31

TOP PICK

67.700

Defense and commercial aerospace but she doesn't expect much out of the defense side. Likes their commercial side where there is more air travel from developing countries. Also there are replacement demands for developed countries that need more fuel-efficient engines. High backlog. 787 is expected to be out in a couple of months.

2011-08-02

TOP PICK

74.520

Half commercial aerospace and half defense. Defense budgets are under scrutiny and no one is factoring much upside in this division. Commercial side has growth from emerging markets for increased business/consumer travel as their economies evolve. In the developed market it is a replacement market as all airlines want more fuel-efficient planes. 787 should be certified later this summer.

2011-06-20

DON'T BUY

74.010

David Baskin

Very bullish on airline manufacturing. Market for new airlines is exploding but this company has execution problems. Dreamliner is so long delayed but believe they will get it off the ground and will be a big winner. Would prefer Embraer (ERJ-N) or Bombardier (BBD.B-T) instead.

2011-06-16

TOP PICK

72.260

Half commercial aerospace and half defense. She is in it for the commercial aerospace. Passenger traffic growth has rebounded. Negative in 2009. Long term it always grows 5% annually. Now back to pre-recession levels. New 787 had numerous delays but management expects to deliver in the 2nd half of 2011. Huge backlog and expects huge cash flows and strong earnings.

2011-02-14

BUY

69.830

Stan Wong

Industrial sector is where you want to be at this point in the economic cycle. Ranks very well in his screens. Beat earnings in the last quarter. Good earnings momentum. Above the 50 and 200 day moving averages.

2011-01-13

TOP PICK

63.270

787 Dreamliner was scheduled for Q1 of 2011 but now expected to be the last half but she is not concerned. Have been getting very good orders on their 737s and increased demands on 777s. Developing countries are ordering and commercial air traffic is now rebounding.

2010-12-20

BUY

67.070

Had an issue with smoke in a cabin in a Dreamliner. This airplane will be around for many decades and this is the time to take advantage of a weaker stock price. 737 is in a new refresh cycle. Expect they will grow earnings 15%-20% per year.

2010-11-10

BUY

71.360

Earnings this morning beat the street. Dreamliner is finally going to get into production at 10/mo in Q1 2011. Earnings will grow at 15-20%. Defense side is a little weak. Thinks they have a good chance of winning the F135 contract and that is not build into the stock price.

2010-10-20

BUY

70.110

Steven Conville

This is an economically sensitive stock. If the war spending dries up and if airlines fall on harder times, you will see rapid retracement on the value of the stock. If the 787 comes and impresses, you could be very happy.

2010-10-15

BUY

71.360

Don Lato

Continued to delay the launch of the Dreamliner but are looking at the 1st quarter. When that happens, there should be a run-up in the stock. Thinks there is quite a bit left in this stock.

2010-10-14

HOLD

62.730

Ara Nalbandian

Big story is the production of the 787 program. Had their ups and downs during the development phase. Most of that is behind them and you are going to start to see the cash flow come in. Significant backlog of orders for many years to come. Doesn't see compelling valuation but a strong holding at the current level. (See Top Picks.)

2010-09-15

TOP PICK

62.760

Dreamliner is the airplane of the future. New technology will make it economical and save airlines a lot of money. Will be making 10 a month well into the future and will be very profitable. Also producing about 35 737s a month. Should fit very well with the economic lay of the land. A lot of global demand. Looking for a yearly 15%-20% advance in earnings and share price.

2010-09-14

HOLD

64.600

Philip Doyle

Dreamliner is due for delivery early next year and they are getting orders. With recent talk from US Congress about reducing defence spending, he would have concerns on their military side. About 3% yield.

2010-08-20

HOLD

67.930

John Zechner

Put some good orders in, in the last week so it looks interesting. Not a top choice as he thinks the airline industry will be shrinking on a longer-term basis. On a valuation basis it looks pretty good.

2010-07-23

BUY

64.750

Very positive on this company. Starting in the 4th quarter they will be producing about 10 787 airplanes a month and will be doing that for years and will be very profitable.

2010-07-14

PAST TOP PICK

72.870

(A Top Pick May 6/09. Up 70%.) 851 airplanes that are scheduled for delivery between now and 2020. 5 year revenue backlog of $315 billion. Growing into its earnings.

2010-05-12

PAST TOP PICK

74.160

Hap (Robert) Sneddon FCSI

(A Top Pick May 6/09. Up 71.73%.) Still a buy.

2010-04-21

Comment

70.960

Jim Huang

(Market Call Minute.) Good company. Exposed to the aerospace cycle. Have had execution problems but when they do get Dreamliners out, it will be a buy.

2010-04-19

HOLD

71.700

Don Lato

As the new Dreamliner gets into final production and sales that should continue to be good earnings growth. Fairly reasonable multiple.

2010-04-14

DON'T BUY

71.910

Got up to $19 but hasn't gone anywhere since then. Will probably bounce around between $14 and $18 (approximately) in the near term. Thinks the easy money has been made in the financials.

2010-03-22

BUY

70.010

Has lots of room to go. It's major initiative right now is the 787. Have a backlog of 4 years of revenue. The cycle is coming around for a sweet spot in new airplanes.

2010-03-10

BUY

61.160

Jumbo jet is now off the ground, which gave the stock a bit of a boost. Tremendous backlog of about $250 billion, 4 years of revenue. Over 800 planes backordered. Thinks they can earn over $8 a share.

2010-01-13

PAST TOP PICK

50.680

(A Top Pick Nov 8/12. Up 23.75%.) Hanging its hat on the 787 Dreamliner, which is the airplane of the future. Once the economy starts to improve and airlines start to get a little more confidence, the orders will be filled. 3.5% yield.

2009-11-11

Comment

43.370

Brett Hryb

Market is concerned about the delay in the 787, which is a critical component to their growth story going forward. Cost overruns have continued. Their defence business has been going quite strongly. On a 3-year time horizon they should be in full production.

2009-07-29

DON'T BUY

48.440

Stan Wong

From a long-term strategic standpoint he believes there is a global arms race and defensive stocks will do well long-term. They also have the regular aerospace component to them. Trading around 10X forward PE but earnings have been relatively flat.

2009-06-19

DON'T BUY

42.950

Brett Hryb

About 51% commercial airline and 49% defence and both sides have their issues. Defence side is clearly being impacted by the Obama administration and big programs are going to be at greater risk of being cut. On the commercial side traffic has been declining so orders have been cut back.

2009-05-13

TOP PICK

44.200

(A Top Pick May 14/08. Down 48.4%.) Has a huge backlog of $339 billion and 886 orders for their 787 Dreamliner, which represents 5 years of revenues for them. Expect they will earn $4.75 to $5 this year.

2009-05-06

DON'T BUY

38.740

(Market Call Minute.) Can't deliver on their new product. Also demand from airlines is not very great.

2008-12-15

HOLD

42.520

Peter Brieger

(Market Call Minute.) Thinks that one of the things that will be emphasized over the next 5 years is defence, which is roughly half the business.

2008-11-12

TOP PICK

42.520

Revenue cycle is on an upswing. New Dreamliner 787 is coming through. Have gotten through a strike. Thinks they will probably earn $6.50-$6.60 next year. Margins are expanding. 3.75% yield.

2008-11-12

Comment

42.360

Brendan Caldwell

People will still fly but not as much. Company hasn't been hit as much as the rest of the market. Had labour problems. If we are really in a recession and it turns really bad and takes a long time to recover, demand for aircraft will turn down very sharply. Not wildly enthusiastic about this one going forward.

2008-10-27

BUY

46.400

Jim Hardesty

Stock has been seriously affected by both the decline in the market and a strike by their mechanic workers. Clear that their backlog and the unique design of the 787 Dreamliner is going to have a very positive affect in the next several years. Excellent value.

2008-10-21

BUY

45.070

Andrew Guy, CFA

Great company that had a lot of problems in recent days because of concerns over financing of the jets. The new planes that people are producing are more fuel efficient, cleaner and if you are concerned about higher oil prices, airlines still need to get rid of older planes.

2008-10-14

SELL

65.200

David Burrows

(Market Call Minute.) They continue to have difficulties in bringing their new products to the market.

2008-08-05

TOP PICK

65.590

Will get another shot at the government's tanker contract. Turmoil in the airlines business but not in airplane manufacturing. Airlines need newer aircraft. Good price.

2008-07-09

DON'T BUY

81.190

Charles Bobrinskoy

Good management. Stock was not that cheap as they have a real backlog of orders on their planes and they benefit from the defence industry. Stock dropped today when the CEO some challenges that were facing the airline industry. Still not cheap enough for him.

2008-05-21

TOP PICK

85.690

Dreamliner is behind schedule but it is coming. There is going to be a fantastic new revenue cycle for the company, probably out to 2012, 2013. Biggest backlog for any aircraft in history. Margins are up which means they are going to have a great revenue cycle.

2008-05-14

BUY

74.980

Pat Naccarato

Has a dominant market share, which he likes. Their new jetliner has had a few delays. Ultimately they will get this resolved. This is an opportunity to buy a great franchise.

2008-04-07

BUY

72.450

In a global sweet spot with the expansion reach to Asia. There is almost an unlimited market there. Good opportunity for a long-term investor.

2008-03-12

DON'T BUY

83.950

Brian Acker, CA

Has had a very nice correction here, but his model price is $63.70, a -25% differential. Too expensive for him.

2008-02-27

DON'T BUY

82.870

Recently, Airbus has launched their big aircraft and their Dreamliner has had a number of setbacks. Also, because of the uncertainty of the economy, it is not a surprise that it had a setback. At some point, not yet, it will be a Buy.

2008-01-07

BUY

97.760

Andrew Guy, CFA

Attractive at this point. Stock was hit because of delays. You will benefit from the weaker US$. About 50% of their earnings come from outside of the US.

2007-11-02

DON'T BUY

98.680

Brian Acker, CA

$70.51 is his model price, a 31% negative differential.

2007-10-10

DON'T BUY

100.550

Jonathen Wellum, B. Comm, B. Sc

Has been in the right place at the right time. Its competitor, Airbus has been falling on its face over and over. What would worry him is the “book to bill” ratio, which is starting to slowdown. Wouldn't be surprised to see a correction.

2007-05-30

Comment

90.000

Have done an incredible job on both the military and commercial side. We are in a growth phase in terms of commercial airlines. Have done well competing globally.

2007-02-09

DON'T BUY

88.000

Charles Lannon

The contract for the next fleet of fighter jets has not been awarded as yet. There is a stock is too richly valued right now. Aerospace has tremendous cyclicality to it.

2007-01-09

HOLD

90.730

Has been climbing since September because of problems Airbus has been having.

2006-12-05

BUY

81.740

David Driscoll

Has had a wonderful run. Free cash flows are tremendous. Yield is almost 9.2%. With the troubles that Airbus is having, they’ll be able to pick up disgruntled customers.

2006-10-20

BUY

78.710

David Baskin

Its most recent earnings were disappointing for the balance of 2006, but is positive for 2007. The aircraft sector is going to be very strong and this company, for the first time in 5 years, has the upper hand, compared to Airbus. Not a bad time to buy.

2006-07-27

BUY

82.130