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"After initial euphoria over Trump's win, investors in defense stocks fear gridlock" by Aaron Gregg
Defense analyst Byron Callan was quoted in Aaron Gregg's Washington Post article, entitled "After initial euphora over Trump's win, investors in defense stocks fear gridlock".
"It's nothing close to the historically high growth rates that this thing had initially been positioned at," said Byron Callan, managing director of Capital Alpha Partners, a provider of research to financial institutions.
The budget increase announced Monday "is a pretty pedestrian increase compared to the Reagan era ... some of these [defense] companies were growing at 15 to 20 percent in the early 1980s," Callan said.