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....
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Up 60%, I Believe AeroVironment Has More Room To Rise