Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
My earlier notes on Meggitt (MGGT) suggested that the results for last year came in with profits and earnings pretty much in line with earlier expectations; that is to say underlying earnings of 37.5p a share on sales revenue of £1,637 million. Over six months the share price has underperformed the main FTSE 100 Index by 16%; the share price falling just over 13% and the market rising by 2.75%. This looks like a buying opportunity
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