Can LMI Aerospace Inc. Avoid the Sequester Storm
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Posted On: 03/07/2013 9:41:25 AM
Can LMI Aerospace Inc. Avoid the Sequester Storm Cloud?
The intense focus on sequestration is understandable because the budget cuts will reshape the world of DOD contracts. Nearly $48 billion will be cut from 2013 military spending and a similar amount each year going forward for the next decade. No wonder most investors are keeping far away from defense stocks. However, this obsession over the sequester cuts is creating some hidden opportunities for careful investors. By avoiding the military sector, investors have underpriced a few companies. LMI Aerospace Inc. (NASDAQ; LMIA) appears to be one of these companies........
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