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Elizabeth Warren just threw down on a Wall Street battleground stock (TDG)

Senator Warren has questions about TDG's pricing structure.

Sen. Elizabeth Warren (D-MA) speaks with the media following the Democratic policy luncheon on Capitol Hill in Washington

Sen. Elizabeth Warren (D-MA) is calling for an investigation into TransDigm (TDG), an aerospace parts manufacturer that services the Department of Defense. The stock is down 3% on the news.

In a letter obtained by CNBC, Warren said she's been monitoring reports that the company uses its opaque pricing structure to charge exorbitant prices for its parts. In many cases, TDG is the sole manufacturer of these parts.

Warren is the second Washington lawmaker to call for a probe into TDG. The first was Rep.

From Moody's (emphasis ours):

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"During 2016, TransDigm incurred a substantial amount of indebtedness — well beyond the bounds of internally generated cash flow — to fund a large-sized special dividend to shareholders and to finance the company's aggressive acquisition strategy.

"This resulted in very high financial leverage with September 2016 Moody's adjusted debt-to-EBITDA of around 7.5x. Over the next few quarters, Moody's expects TransDigm to deliver to more sustainable levels through continued earnings growth and any near-term leveraging transaction would likely result in downward rating pressure."

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