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SAIC - SAIC Doesn't Look Cheap But The Business Outlook Looks Compelling
SCIENCE APPLICATIONS INTERNATIONAL CORPORATION
SAIC announced somewhat mixed results yesterday, but the stock jumped nearly 7% on organic revenue growth of 4%.
With a trailing P/E around 20, the stock is not cheap.
Still, a combination of new share repurchase activity and increasing free cash flow looks very attractive.
The firm’s engineering and technical expertise with respect to defense and warfighter systems seems to lay the groundwork for a good long play, and the stock also offers a ~1.6% dividend yield at the moment.