- 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.
For further details see:
SAIC Doesn't Look Cheap But The Business Outlook Looks Compelling