Besides Switzerland, Germany and the Scandinavian countries, England is one of the most market-friendly countries in Europe. For this reason, I find it easy to choose a stock from the FTSE 100, because it is the most important stock index of the United Kingdom.
I’m surprised to find Meggitt on the index, a company from the military sector that is rather cheap.
That is a good sign because I expect that Europe will increase its military power after the Americans have been demanding this more and more. And after all, we have a lot of European values to defend.
After taking a closer look at Meggitt, I noticed that the civil aviation industry is an important branch for this company. This is an area where I’m expecting a lot of growth in the future.
Last but not least, Meggitt is over 100 years old and has an impressive history.
All of those are reasons that speak for a long engagement. I’m buying Meggitt because the financial metrics are all good and what I saw on their website convinced me as well.