BAH - Booz Allen: Why I Expect Underperformance
2024-04-22 08:33:26 ET
Summary
- Booz Allen Hamilton has seen significant growth and has a strong track record, but its overvaluation makes it a "HOLD" at this time.
- The company is a government contracting business with a strong presence in the military/defense sector.
- BAH has impressive fundamentals and forecasts, but its current valuation is not favorable for investment.
Dear readers/followers,
In this article, I'm going to update you on an otherwise strong player that I maintain invested in at this particular time - but I haven't added to in some time because of the company's overvaluation - and I've been clear about that, among other things in my previous article which you can find here.
In this article, I will update things on Booz Allen Hamilton ( BAH ), a company that has strength - that has seen significant growth, and a very good track record. However, I did call the company prohibitively expensive, and went to "HOLD". While some people may argue that the company has outperformed since my last article, I would carefully but firmly point out that the company has generated a TSR of 15.8% - and that this is not an outperformance, given that the S&P500 alone is up 16.6% in the same time....
Booz Allen: Why I Expect Underperformance