The major disappointment was perhaps the lack of revenue growth. If you look at each of the (defense unit) segments, they all with one exception seem weaker than anticipated.
More Quotes from Paul Nisbet:
Investors obviously aren't concerned with it. I'm surprised, and I don't think he should have done it. But he doesn't make his living from writing.Paul Nisbet
With the Bush administration, we'll see a rebuilding of the military to bring it back to where it was eight years ago. We'll see a considerable appreciation in defense stocks, as we saw in the Reagan years.
Paul Nisbet
It seems to me that it might be appropriate to split the stock, but it's been an internal decision not to do so. I think it's getting a fair value. Splitting it would increase the overall market cap of the company little if at all.
Paul Nisbet
I think it could embolden other companies if they succeed to cut back on health care costs by passing it off on other employees.
Paul Nisbet
I don't think the U.S. Congress or even the Department of Defense is going to be interested in subsidizing the French economy with that kind of money, ... If Airbus was a British company, rather than predominantly French and German, I think it would be very different.
Paul Nisbet
They're Boeing going to become more traditional in their business over the next few years, with the commercial bouncing out ahead of the military, back to where it used to be.
Paul Nisbet
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Based on Topics: Disappointment QuotesMy first thought was always a cigarette. It still is, but I haven't cheated.
Frederik Pohl
Every one suspects himself of at least one of the cardinal virtues.
F. Scott Fitzgerald
My decision on this matter is as certain and final as death and the staggering New Deal taxes.
Thomas Dewey