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Sunday, November 2, 2008

Jim Cramer Talks About My stock pick for oct. AVAV On Mad Money CNBC !

Most defense and aerospace stocks are nervous about an Obama victory, which according to the polls, may be on the cards. However, AeroVironment may not only survive, but is likely to thrive in an Obama Administration, in spite of potential cutbacks in military spending. AVAV makes small, unmanned airplanes called UAVs which are cheaper than regular planes. The stock has already risen 40% since its IPO in January 2007 and is competing well with larger companies such as Lockheed Martin and Northrop Grumman. As the only supplier of UAVs to the Ministry of Defense, AVAV may see its stock price fly if Obama is elected.
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