The defense sector consistently generates high returns on equity and invested capital and Northrop Grumman is no exception. And the defense sector has a history of consistently returning large amounts of capital back to its shareholders. Over the last 10… Read More
Market Excess and Where We’re Finding Value
Saying that the stock market is showing signs of excess is an understatement. Exhibit 1: This chart via Jim Bianco is the Goldman Non-Profitable Technology Index. Exhibit 2: This family is selling their home to invest in stocks. Exhibit… Read More