Great News for This Huge Acquisition
Jul 9th 2012 6:45PM
Updated Jul 9th 2012 6:48PM
In today's edition, industrials editor and analyst Brendan Byrnes discusses United Technologies' recent $16.5 billion deal to acquire aerospace components manufacturer Goodrich. After divesting some smaller businesses, the company will reportedly receive approval from the EU, and the purchase should help United Tech become an even bigger player within the aerospace sector. What's more, the stock price may not reflect the company's new growth potential yet, making it an attractive option to buy on a dip.
United Technologies looks like a great long-term play going forward, but our chief investment officer has picked out a different stock that he's even more bullish on. In fact, this stock has so much promise that we've billed it The Motley Fool's Top Stock for 2012. To access the report before the rest of the market catches on, click here -- it's absolutely free.
At the time this article was published Brendan Byrnes owns shares of United Technologies. The Motley Fool owns shares of Lockheed Martin. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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