By William Trent, CFA of Stock Market Beat
To be honest we didn’t even know they had one, but Airbus parent EADS has sold its small stake in Brazilian regional jet maker Embraer (ERJ).
.:: Aero-News Network: The Aviation and Aerospace World’s Daily/Real-Time News and Information Service ::.
Europe’s largest aerospace manufacturer has sold it’s 2.12 percent stake in Brazilian aircraft manufacturer Embraer for $163 million.In a statement to the Financial Times, EADS said it had earmarked its investment in Embraer for sale as the group focused “its attention on core matters and projects that will provide future growth opportunities.”
The problem is, as we have noted many times, the growth opportunities are with Embraer and the regional jets. If anything, EADS should have sold its own business and bought the other 98% of Embraer.
The author may hold a position in the securities discussed. The author’s current holdings are as follows: Long: Union Pacific (UNP) put options; Air Products (APD) put options; Bookham (BKHM; Ballard Power (BLDP); Syntax Brillian (BRLC); CMGI (CMGI); Genentech (DNA); Ion Media Networks (ION); Three Five Systems (TFS); IShares Japan (EWJ); StreetTracks Gold (GLD); Starbucks (SBUX); U.S. Oil Fund (USO); Plantronics (PLT) call options; Short: Landstar (LSTR) put options; Plantronics (PLT) put options;
http://stockmarketbeat.com/blog1/
The Easy Way To Retire Early
You can retire early from the lottery, luck, or loving family member who leaves you a fortune.
But for the rest of us, there are dividends. While everyone chases big name dividend kings, they’re missing the real royalty: dividend legends.
It’s a rare class of overlooked income machines that you could buy and hold – forever.
Click here now to see two that could help you retire early, without any luck required.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
