Benghazi Boondoggle: a Bonanza for Raytheon?

In a recent article, argued that a report from the State Department commission that investigated the debacle in Benghazi on Sept. 11, 2012, "practically demands" that the U.S. government buy and install what it calls Raytheon (NYSE: RTN  ) "pain rays" to defend U.S. diplomatic posts abroad.

Fool contributor Rich Smith begs to differ. While he's all in favor of buying Raytheon on its own merits -- low P/E, high dividend, decent growth rate -- Rich has also read through the entire 39-page unclassified Accountability Review Board report on Benghazi. Sadly, what he found there -- a bare two mentions of the desirability of "non-lethal" defenses at embassies and consulates -- doesn't support's argument much at all.

What's a better bet than Raytheon? Funny you should ask. The Motley Fool's chief investment officer actually just selected his No. 1 stock for the next year. Find out which stock it is in our brand-new free report: "The Motley Fool's Top Stock for 2013." I invite you to take a copy, free for a limited time. Just click here to access the report and find out the name of this under-the-radar company.

Posted in and tagged with .

Why Open a Browser, get citybizlist in your InBox.