News Breaks
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| 22:09 EDT |  | FLIR |
| theflyonthewall.com: | Flir Systems should see "laser-like" growth, BusinessWeek reports | | Money manager Eddie Brown, who coined the phrase GARP (growth at a reasonable price) says, "the cheapest value" now among growth stocks is Flir Systems (FLIR). Flir stock climbed to $29.77 on Oct. 21, up from a 52-week low of $18.81 on Mar. 9. "By most fundamental metrics, Flir outscores its peers," says Brown, president of Brown Capital Management. Flir's price-earnings ratio of 19 is below its estimated yearly earnings growth rate of 22% over the next three to five years, which means more share-price growth ahead, notes Brown. Christopher Donaghey of SunTrust Robinson Humphrey, who rates Flir a buy, sees long-term advances "driven by the shift in focus of the U.S. military toward irregular warfare." Reference Link :theflyonthewall.com |
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