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Northrop Grumman: Warning Signs

Northrop Grumman hits peak decade high P/E multiples.
The company continues to reduce stock buyback levels despite approvals for spending another $4 billion.
The warning signs are starting to stack up against the stock rallying further this year.
After again raising full-year guidanceNorthrop Grumman (NYSE:NOC)continues to show signs of peaking. One has to wonder if the massive gains of the last few years haven't built in irrational expectations for the next couple of years.
 Read the full article on Seeking Alpha.

 Disclosure: No positions mentioned. Please read the disclaimer page for more details.

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