Jun. 18 at 9:15 PM
$NOC
This reaction to a bill that limits buybacks on contractors is ridiculous! First off most of their free cash is going into expansion to begin with, and if they wanted to reward shareholders they could increase dividends. This is just the result of News driving short sellers to make a little cash off of people holding a key US asset company.
Thank God I have limited this position to 4% of my portfolio right now, but as much as it pisses me off I know the momentum is gonna come back around and hopefully soon.