Historical Shareholder Returns:
As this Great Companies, Inc Fundamental Research illustrates, even at todays, in our view, ridiculously low valuation, L-3s strong operating history has richly rewarded shareholders since 1998. Over a time period where the S&P 500, a proxy for the general stock market, lost a compounded (-1.8%/year), shareholders of L-3 enjoyed a compounded 15.8% return not counting dividends. Since they initiated a dividend in 2004 it has grown from $.40/share to $1.20/per share in 2008 and is estimated at over $1.30 for 2009. Their dividend (not reinvested) raises the total return for L-3 shareholders to 16.5%. At todays valuation, L-3 can be acquired with a current dividend yield of 1.8%
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