Sales Slip in General Dynamics' Most Profitable Business -- but Here's Why It Could Boom Soon

Here's one good reason to like General Dynamics stock -- and another reason not to buy the stock. General Dynamics (GD -0.71%) stock shed about 1% of its market cap since reporting earnings a week ago, closing out Tuesday just under $302 a share. That's a curious reaction on investors' part, however, in light of the company's third-quarter results. For fiscal Q3, ended Sept. 29, General Dynamics reported 10% sales growth, 12% operating profit growth, and 10% growth in net income, to $3.35 per share. Sales g ...