Chasing Value: French Toast at 35,000 feet: Gulfstream - General Dynamics (GD)

Our team at BloggingStocks works from anywhere and everywhere in the world, and I interrupted one of our great editors in the middle of Sunday brunch -- workaholic that I am -- and she was making French toast. How far would you go for the best French toast of all time ... how about Los Angeles to Portland? Even if I had access to that private jet, breakfast would probably be cold by the time I got there, but it would be worth it -- if my investments keep up their track record, I think a jet is the way to go! If they're really as good as she says, maybe I just pick up the talented chef and have her recreate the magic meal on the jet.

General Dynamics (NYSE:GD), maker of the Gulfstream private jet, is starting to look like a value. The current G150 jet will set me back about $14,500,000 for a 2008, but that's before any haggling. I'm sure I could get one for $14 million. I could also rent or lease an older G3 for between $3,500 and $5,000 a day, although I understand from the chef herself that it would be worth it.

If you are interested in the stock, it is much cheaper than the jets, closing yesterday at $88.18 a share. Private jets are just one of the many expanding enterprises at General Dynamics, and I am certain that with the war in Iraq, the government is going to have to replace all of its "toys" whether the troops come home sooner or later.