So unless Precision Castparts Corp. sees its shares decline 4.7% and the contract is exercised (resulting in a cost basis of $172.80 per share before broker commissions, subtracting the $7.20 from $180), the only upside to the put seller is from ...
Donegan has guided Precision Castparts to a more than 11-fold return since he took over as chief executive by aggressively expanding the manufacturer of metal castings for the aerospace industry through acquisitions.
Precision Castparts Corporation (NYSE:PCP) has lost 3.58% during the past week and dropped 3.98% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 3.19%.
Precision Castparts Corp. ( PCP ) is a manufacturer of complex metal components and products, including castings, forgings, fasteners and aerostructures for aerospace, power generation and general industrial applications.
Since last summer, when they peaked at $274, Precision's shares are down 23% amid concerns about sagging demand from clients in the oil and gas markets, and the decision by a large aerospace-parts customer to reduce inventory.