EADSF - Textron Inc.: Only Commercial Aviation Is Performing Well And Competition Is Increasing
Thesis
In this article I discuss Textron Inc. (TXT). Textron came to my attention due to its comparatively low P/E ratio of ~14.0 suggesting that it is undervalued relative to historical averages. Notably, this P/E ratio is also much less than S&P 500's average of ~21.8. It is also lower than that of other diversified conglomerates such as United Technologies Corporation (UTX) and Honeywell International, Inc. (HON) or even that of aerospace and defense companies such as Lockheed Martin (LM).
Textron is not that well known of