AVAV - Up 60% I Believe AeroVironment Has More Room To Rise

2024-05-12 11:08:23 ET

Summary

• AeroVironment is a high-conviction investment due to rising global tensions and the increasing use of drones in warfare.
• The Company builds advanced drones and has experienced massive revenue growth, particularly in its Loitering Munition segment.
• Despite its recent rally, AVAV still has upside potential and is a compelling investment opportunity in the small-cap space.

Introduction

I have invested 22% of my dividend growth portfolio in four defense contractors.

This high-conviction investment is based on a number of factors, including deglobalization, rising global tensions, the need for innovation, mostly anti-cyclical demand, strong balance sheets, and fantastic track records of consistent dividend growth and buybacks....

For further details see: