On Tuesday, December 19, Defense Policy head, LtGen Emerson "Emo" Gardner USMC ret., collaborated with Industrials analyst, Jay Van Sciver, to provide a multifaceted view of Textron’s (TXT) longer-term prospects.
Jay's activist (or self-help) thesis for Textron is straightforward: TXT has spent nearly double the sector's average on R&D and received little return for it. He believes R&D could be cut to comparable industry levels with the retained R&D spend better deployed in buybacks. Jay says that such actions could generate a share price north of $80/share … up over 60%.
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