And we believe there's lots more to come.
We first recommended Aerojet at $11.40 a share back in February 2013, when it was still known as GenCorp Inc. That was just months after GenCorp had inked a $550 million deal to buy the Pratt & Whitney Rocketdyne unit from United Technologies Corp. (NYSE: UTX).
In our view, GenCorp's stock was akin to a coiled spring. And when it was released - ignited by an outside catalyst or investors finally recognizing its potential - we said GenCorp could double.
That's just what happened.
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