Thursday, 24 November 2011

Rolls-Royce Director says company will double in size!!

....assuming it delivers a $60bn order book first - Middle East investments set to power Rolls-Royce's growth

The article doesn't identify what measure might double in size, it could be in engine sales, share price, revenues, profit etc but, it does serve to highlight the long term nature of the aerospace business and if an investor can remain focussed on that (and the company does what it says it will do, of course), then this might provide an investor with some emotional armour against the wild gyrations that are inherent in the market's extremely short term view today.

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