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CACI International Inc. Message Board

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  • faosto faosto Oct 27, 2004 3:34 PM Flag

    Further posts

    Everyone should stop fretting about this stock. It is STILL undervalued. I agree that I would be hesitant to take a new position at this point, but I also think there is a good chance this thing will hit $70 before it hits $50.

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    • Can you please give us details on why you think it is undervalued? I doubt that even CACI management would call it Undervalued at these levels. It does look like we have some decent resistence at 50, and slight resistence at 55 - but I sure as hell would want to see a base created at the 55 or 60 mark before I made any claims of us seeing 70. Not saying that it won't happen - but I can tell you this...if we climb to 70, I will surely update stop losses to keep those gains.

      I guess what I'm trying to ask of people on this board is some fact, some analysis, some basis for their opinions. CAI's board while slow has often been a place to learn about the company, to have decent Technical Analysis, and in fact hopefully learn a thing or two about investing....not just hyping a stock or bashing a stock.

      Cheerleaders are for football games.

      • 1 Reply to bluvampire
      • Because given its consistent upside surprises, its estimate of 3.15 eps next year (which is 3.30 if you apply a 5% upside), and an average 25% growth rate over the past 5 years (govt systems integration still has billions of dollars to go, plus the upside of intended, potential acquisitions over the next several months, I think it is easy to justify a target of $70, which is 21X 3.30 in earnings. BBT has a target of $68, Stephens Inc has $67, Piper Jaffrey $65, and conservative Legg Mason at $66. The high target is $71. Targets tend to be conservative, at least for this company.
        CACI had a 10%% sequential revenue growth from last quarter. They have a share of a $1 bill integration deal with Harris, announced $266 million in new contracts on Oct 12, $126 million contract with Navy on Aug 18, AND MOST IMPORTANTLY AS OF THE START OF FY05 THEY HAVE A $3.4 BILLION BACKLOG, WITH $1.7 BILLION WON IN FY04. So you're right, cheerleading is for football. That's not the game I'm playing. I've already made thousands on this stock, and I'm STILL HOLDING AT $62.

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