Buy Resilient Defense Co at Current Levels
In its first earnings since the merger between United Technologies Corp. (UTX) and Raytheon Co. (RTN) and the dual Spinoff of Carrier Global Corp. (CARR) and Otis Worldwide Corp. (OTIS) in April 2020, new Parent Raytheon Technologies Corp. (RTX) proves its defense operations maintain their resilience in the ongoing pandemic environment. The recovery in the commercial aviation market will take a couple years to occur, but current levels provide an entry opportunity in RTX.Investors Recommended to Buy RTX at Current Levels
Defense Business Remains Resilient Amid Pandemic
Commercial Aviation Recovery Over Next Couple Years / Negatives Priced-In
Dividend Declared (3.3% Yield) / FY20E Outlook to be Released Next Quarter
Target Price Maintained / RTX is a Current Spinoff Model Portfolio Holding
The Edge Group - Global Fundamental Catalyst Investing. The Edge provides investors with access to hidden corporate value from Global Special Situations using a pioneering approach to investments. Founded in 2005 by fund management and investment banking professionals to provide high quality, private equity-level research on Global Corporate Divestitures for the benefit of fundamental event-driven, growth and value-oriented investors in this difficult to track, but proven investment space.
The Edge will look to screen and analyze include Spinoffs; Reverse Morris Trusts; Squeeze Outs; Privatizations; Demutualization; Deep Discounted; Rights Issues; Rights Offering; Restructuring; Insider Purchases / Buying Change of Management / CEO Change; Deteriorating fundamentals; Post-Bankruptcy; Reorganization; Tender Offer; M&A Deals; Secondary Offering; Share Swap; Thrift Conversions; Share Buybacks; Activist; Mergers. All analyzed from a fundamental point of view.
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