Bell Helicopter Textron is the world's leader in commercial
helicopter production and is the pioneer of tiltrotor aircraft
development. With Bell helicopters flying in over 120 countries,
Bell has earned a worldwide reputation for reliability, service
Cessna Aircraft Company is the leading worldwide manufacturer of
light and mid-size business jets. Every 20 seconds, a Cessna
Citation takes off or lands somewhere in the world. Cessna is
also the leading manufacturer of single-engine piston aircraft.
Textron Automotive Company is a leading global independent
supplier of instrument panels and plastic fuel tanks, and a
major supplier of plastic interior/exterior trim and functional
components for cars and light trucks made in North America.
Textron Automotive Company has manufacturing facilities in 15
Textron Golf, Turf & Specialty Products comprises E-Z-GO Textron,
the golf-car industry leader; Jacobsen Textron, the choice of top
turf-care professionals around the world; and Ransomes Textron,
a leader in turf-care and utility vehicles.
Textron Systems provides and manufactures advanced systems for
defense and aerospace applications, sensor-based, autonomous,
real-time control systems, and specialty marine and land
vehicles. Textron Systems products are also designed for select
commercial applications in telecommunications, agriculture and
Textron Fastening Systems is the global leader in fastening
systems plastic injection molding solutions markets, with sales,
manufacturing and engineering facilities on four continents and
customers in over 40 countries.
Textron Financial , with nearly $8 billion in managed receivables,
is a diversified commercial finance company supporting the sale of
Textron and third-party products, and providing an array of
third-party financial services. Textron Financial has achieved 22
consecutive years of net income improvement.
Reasons To Invest
Reading the company's business description, it should be easy to
discern that Textron is diversified. Its breadth makes Textron
levered to the broader economy.
The company announced a broad restructuring last fall, which
included the shuffling of upper-management. With the turnaround
in place, the company could sail into 2002 on the back of the
Textron has committed to growing its businesses over the
long-term. The company's aim is to focus on its market
leading businesses and brands, through which it will leverage
and grow earnings.
Even through the difficulty of last year, Textron was able to
generate more than $12 billion in sales. With that number, the
stock trades about 0.50 times sales. Its book value is a chunky
$27 per share.
In a strong economy, Textron should be able to leverage its
brands for big earnings. The company has the potential to earn
$5 per share next year if the economy rebounds at a healthy rate.
Its attractive valuation and earnings potential is underscored
by the company's $1.30 annual dividend.
Shares to Qualify = 1 Accept Foreign Accounts: Yes
Auto-reinvestment = Yes Temper Enrollment Serv: Yes
Min/Max Investment = $25 to $12,000/year
Reinvestment Fees -
Div : 0
First Chicago Trust
Industry Group: Diversified 52-week high=$60.47
Annual Dividend Per Share= 1.30 52-week low =$31.29
Last earnings 01/20 est = 0.44 actual = 0.47
Next earnings 04-23 est = 0.47 versus = 1.00
P/E = 38
Strong Buy = 2
Moderate Buy = 3
Hold = 6
Moderate Sell = 0
Strong Sell = 0