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What: Spirit AeroSystems
So what: Adjusted earnings per share of $0.39 missed estimates of $0.44, and the company cut its full-year forecast. Boeing's
Now what: Pinning hopes on the perpetually delayed Dreamliner doesn't seem to be working out too well as the company takes charges related to contract estimates. But Spirit still operates in a growing commercial airline space and is operating a profitable business. I'm willing to take a chance on this stock because of a forward P/E of less than 10 and a buy opportunity from investors spooked by an earnings miss.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings, or follow his Motley Fool CAPS picks at TMFFlushDraw.
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