Published on 23 Sep 2022 on Insider Monkey via Yahoo Finance

Is Lockheed Martin (LMT) a Smart Long-Term Buy?

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Old West Investment Management, an investment management firm, published its second-quarter 2022 investor letter – a copy of which can be downloaded here. The fund's All Cap portfolio was down 16.7%, its Small Cap portfolio was down 19.1%, and its three L.P.’s performed well on a relative basis. If you consider that all of its portfolios were up between 50 to 67% each of the two previous years, then the fund has limited its losses. Go over the fund’s top 5 positions to have a glimpse of its finest picks for 2022.

In its Q2 2022 investor letter, Old West Investment Management mentioned Lockheed Martin Corporation (NYSE:LMT) and explained its insights for the company. Founded in 1995, Lockheed Martin Corporation (NYSE:LMT) is a Bethesda, Maryland-based aerospace company with a $111.9 billion market capitalization. Lockheed Martin Corporation (NYSE:LMT) delivered a 18.76% return since the beginning of the year, while its 12-month returns are up by 22.63%. The stock closed at $422.08 per share on September 22, 2022.

Here is what Old West Investment Management has to say about Lockheed Martin Corporation (NYSE:LMT) in its Q2 2022 investor letter:

NYSE.LMT price evolution

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