PCP – Precision Castparts

PCP has fallen over 33% in the past 3 months along with the general market.  It appears the owners of several fastener manufacturers has lead analysts to expect significant returns related to Boeings release of the 787 Dreamliner.  Despite this pullback the company shares are still up 10 fold from 2 yrs ago giving credence to managements strategy of rolling up the manufacturers, limiting supply thereby placing a floor on prices.