LHX has been getting crushed
\~9% drop after Q2 despite beating EPS and raising guidance. Market apparently hated the delay in the Missile Solutions IPO/spinoff.
another \~9% drop after CEO Chris Kubasik was fired for misconduct unrelated to financials.
All in less than 1 mo.
Meanwhile:
\~$3B+ annual FCF
2027 EPS consensus \~$13.50+
\~20x 2027 earnings at $267
Massive missile/defense demand
THAAD propulsion production expected to 4x
PAC-3 propulsion production expected to nearly 3x
We obviously can’t predict the future, but if the conflict in Iran gets any worse, I feel like this stock will skyrocket back up. Am I missing something? Why isn’t Wall Street piling back in?