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From a recent Mad Money show: "I went negative on PCP after Boeing went on strike. I'm lightening up on PCP."

Third is Cramer favorite, Precision Castparts (PCP). Cramer said the company gets 17% of its sales from Boeing and will take a 1.7% earnings hit if the strike lasts a month.

revenue has grown nearly 30% annually for the past 5 years, while the effecuent operating model has boosted operating profits 40% per year. A very strong balance sheet and efficient operating model should sustain decent returns on capital over the next 5 years

The stock has a PE of 13 , a PEG of 0.68 , and pays a yield of 0.1%

looking for an upgrade cycle

From a recent Mad Money show:

"PCP is just a buy here. People are negative on aerospace, but they're missing the fuel savings part of the business and PCP is part of it."

awesome stock..awesome industry

Buy - Price 125.68 on May 6
by Jesup & Lamont

PCP makes complex metal components for aerospace and industry. Due to strong end-markets and operational improvements... we've raised EPS [estimates] for fiscal 2009, to $7.83 (prior $7.55), on revenue of $7.74 billion (prior $7.76 billion); and for F10, to $8.88 (prior $8.57) on revenue of $8.75 billion (prior $8.77 billion). 2008 P/E is 17.5 times. Target: 155. Market cap: $17.6 billion.

Aerospace Manufacturing

great earnings. good chart

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