BAESF - Perspecta - Building Scale And Momentum In Government IT Contracting
Introduction
Perspecta (PRSP) offers a unique combination of talents and contracts within the government IT contracting business. Little known due to its renaming and complicated history of growth through spin-offs and add-on acquisitions, Perspecta has yet to find a sizable base of institutional investors. Yet, through work on legacy contracts and sizable new bids, Perspecta could be a break-out performer among a small group of pure-play government IT contractors. Valuation of Perspecta appears exceptionally attractive, compared to competitor CACI International (CACI), a much more popular midcap stock. Timing of investment in