Aerojet Rocketdyne (AJRD) continues to grow its backlog at a rapid clip; revenue growth is stepping up; cashflow has exceeded EBITDA in the last twelve months; and the company is now in a net cash position. The stock remains undervalued in our view. Our August Update for Pro subscribers is now live. You can find it here. Not a subscriber? Purchase the update on a one-time basis here.
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