Top 10 Building Product Stocks To Buy Right Now

Top 10 Building Product Stocks To Buy Right Now: Teledyne Technologies Incorporated (TDY)

Teledyne Technologies Incorporated provides instrumentation, digital imaging products and software, aerospace and defense electronics, and engineered systems in the United States and internationally. The company?s Instrumentation segment provides monitoring and control instruments for marine, environmental, scientific, industrial, and defense applications, as well as harsh environmental interconnect products. Its Digital Imaging segment includes sponsored and centralized research laboratories benefiting government programs and businesses, as well as development efforts for innovative digital imaging products for government and space applications. It also includes infrared detectors, cameras, and optomechanical assemblies. Teledyne Technologies? Aerospace and Defense Electronics segment provides electronic components and subsystems and communications products, including defense electronics, data acquisition, and communications equipment for air transport and business aircra ft and components and subsystems for wireless and satellite communications, as well as general aviation batteries. The company?s Engineered Systems segment provides systems engineering and integration, advanced technology application, software development, and manufacturing solutions to space, military, environmental, energy, chemical, biological and nuclear systems, and missile defense requirements. This segment also designs and manufactures hydrogen generators, thermoelectric and fuel-cell based power sources, and small turbine engines. Teledyne Technologies? customers include government agencies, aerospace prime contractors, energy exploration and production companies, industrial companies, and airlines. The company was founded in 1960 and is headquartered in Thousand Oaks, California.

Advisors' Opinion:

• [By Seth Jayson]

  Calling all cash flows
  When you are trying to buy the market's best sto! cks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on Teledyne Technologies (NYSE: TDY  ) , whose recent revenue and earnings are plotted below.

• [By Geoff Gannon]

  We should be careful to overstate the tax aspect of buybacks. For example, Q-Logic has a lot of cash overseas (almost all of its $500 million). The company could in theory make several tender offers for close to 50% of its market cap with that cash. This is the Teledyne (TDY) approach. Q-Logic doesnt do that for several reasons. One, it likes having some cash on hand at all time. But, more importantly, it doesnt want to pay the tax.

• [By Inyoung Hwang]

  Teledyne Technologies (TDY), which gets 80 percent of its revenue from the U.S., raised its 2013 per-share earnings projections last week. The Thousand Oaks, California-based aerospace and defense electronics provider, up 39 percent for the year, exceeded analyst projections by 8.1 percent last quarter, data compiled by Bloomberg show.

source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/top-10-building-product-stocks-to-buy-right-now.html