The 3 Best Defense Stocks of the Decade
My, what a difference a decade makes!
10 years ago, with the American economy deep in the throes of the financial crisis, I started writing a little column entitled "Is Your Portfolio Bulletproof?
In it, I suggested that despite all appearances to the contrary, the future was bright for defense stocks because their shares were trading at levels far below their historical "norm" of one-times annual sales. Suffice it to say that this ... was not a popular argument. Subsequent columns featuring alternate headlines -- anybody remember "6 Stocks That Never Surrender"? -- likewise failed to find a receptive audience, and after several months of trying to convince folks that defense stocks were due for a rebound, I gave up, and stopped writing about them.
Source Fool.com
