2024-03-31 05:25:38 ET
Summary
- Investing in CACI offers high margin returns in the defense sector, backed by specialized services and resilient operations.
- With consistent margin improvements and strong cash flow, CACI demonstrates long-term value potential.
- Despite a non-investment grade rating and relatively high valuation, CACI remains an attractive asset-light defense player for patient investors.
Introduction
My largest investment is the Texas Pacific Land Corporation ( TPL ), a landowner in the Permian Basin, which benefits from oil and gas royalties, water sales, and every other activity that comes with oil production in America's fastest-growing oil basin.
Roughly 17% of this company is owned by Horizon Kinetics LLC , an investment advisor that manages a variety of ETFs....
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For further details see:
Pentagon Powerhouse - CACI Is A Compounder You Probably Don't Know