Mercury Systems (MRCY)

Mercury Systems (MRCY)

Postby winston » Wed Dec 20, 2017 9:30 pm

MORE NEW HIGHS FOR THE 'OFFENSE CONTRACTORS'

Today's chart shows the long-term success of a military supplier...

Over the years, we've noted that with so much government spending on foreign conflicts, defense contractors should be called "offense" contractors.

Just last week, President Donald Trump signed a $700 billion military budget into law and urged Congress to eliminate the current caps on defense spending. The business of war is still going strong...

For more proof, we'll look at shares of $2.6 billion "offense" contractor Mercury Systems (MRCY). The company makes high-performance computer systems for the military.

Mercury has deployed 300-plus programs with more than 25 different defense contractors. And it won't stop there... Over the past year, Mercury's sales topped $425 million. That's nearly 90% higher than five years ago. And it's a 43% jump from the year before.

As you can see in the chart below, shares of MRCY have been in a steady, long-term uptrend. They're up nearly 500% over the past five years... and just hit a new all-time high. The bullish trend in the "offense" industry is ramping up...

Source: Daily Wealth
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118530
Joined: Wed May 07, 2008 9:28 am

Return to L to R

Who is online

Users browsing this forum: No registered users and 7 guests