LLL - Running Into Earnings

Stock bottomed last Thursday for a nice oversold bounce.
Earnings out tomorrow morning.
Stock running to the upside
nicely today!

 

Beats EPS estimates by a penny and guides higher for the 2007 fiscal year by 10 cents!

 

+$1.50 on an upgrade this morning by defense analyst Peter Arment at JSA Research.

Stock has now rallied 3 points since my "heads-up"

 

Now trading $85.60 and +$3.30 on the day!
Go L-3!!!

 

Traded $87.01 today!

 

$87.75 intra-day high today and company announces a 33% increase in its dividend to $1.00 per share annually.

 

Continuing to Run . . .

Gotta love this company!!!

 

Now Trading $88.10 this morning.

Director PETER COHEN filed a "Form-4" yesterday with the SEC disclosing having purchased yet another 10,000 shares on 2/13/07 at prices of:

86.0038

and

86.014

http://www.sec.gov/Archives/edgar/data/1042589/000100547707001377/xslF345X02/edgar123.xml

 

Now trading $89.10 which is +$1.30

Director Peter Cohen filed yet another Form 4 of his Valentine's Day purchase of 5,000 shares on the open market at $87.20, the day after he purchased 10,000 shares.

 

Strong buyer yesterday on the 85.00 bid from 12:40PM till 2:00PM when the stock was only down .60 cents.

Even when the stock broke into the $84 handle with the market break after 2PM, L-3 saw good buying.

Low and behold, and UPGRADE by JP Morgan today.

BUY LLL

SELL LMT

(pair trade)

$87.40