Add more BEAV

Since I recommended BE Aerospace two weeks ago, the stock has performed very poorly. Today it hit an intra-day low around $32.60. This puts the stock trading at about 14 times 2008 estimates which is just absurdly low. The company is expected to grow earnings by 38% this year and management stressed during their last earnings conference call that the Boeing 787 delays will have very little if any effect on 2008 earnings. I hope to have a more detailed report on BEAV soon, but for now I'm recommending that you add to your position at today's closing price of $33.11. This brings the average price of my recommendation to $36.08.