Robert Sutherland Smith started his City career the year before I was born. He is, I think, 157 years old. He and I have worked together for almost eight years at t1ps.com . He is my friend and he is a very funny and intelligent chap. He is now branching out to celebrate his 158th by doing some freelance writing over at TradingResearchPoint on FTSE 350 Income stocks. He is a great one for focussing on yield. RSS today looks at Bae Systems.
In share price terms, BAE Systems (BA.) took off like a typhoon jet trainer from 250p in late 2011 to a recent peak of 350p. The share has thus produced £1 profit with its 40% capital gain for anyone who was brave enough to buy the shares at 250p. And it would have been a brave buy; a highly geared, pretty low margin defence contractor in times of government spending retrenchment in the UK and the US.
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