A real mixed bag for the market today. Down down 11.49 at 9067.55 and NASDAQ up 6.91 at 1,640.92. The market is still digesting the rate cut and is now awaiting second quarter results.
Looking over the most active/biggest gainers I have come acrosse CACI International (CAI). The stock is having a very nice day trading at $34.27 up $1.38 on the day or 4.20% per the NYTimes on the web.
I do not own any shares of this NYSE issue. In fact, I am not very familiar with them at all!
CNN.Money relates that CACI International "is an information systems and high technology services corporation. The Company provides services to United States defense and civilian agencies, and commercial enterprises." Now that you CLEARLY understand what they do....isn't it easier to appreciate what a Big Mac is at McDonalds?
On April 24, 2003, per the NYTimes on the web, they reported record results for their third fiscal quarter ending March 31, 2003. Revenue increased 21%. And Net Income was up 33% compared to the prior year.
Morningstar.com shows the company has some great fundamentals: revenue increased steadily from $312 million in 1998, to $427.4 million in 1999, $484.5 million in 2000, $557.9 million in 2001, $681.9 million in 2002, and extrapolating forward with the $222.0 million revenue this latest quarter we get about $900 million in revenue for 2003.
Free cash flow has improved nicely since 2000 when $12 million was reported to $23 million in 2001, $31 million in 2002, and $59 million for the trailing twelve months.
They are also pretty flush with cash with $107.9 million on hand almost enough to cover their current liabilities of $99.4 million and $17.0 million in long-term liabilities. In addition, they have another $192.6 million in other current liabilities.
The stock looks very nice to me. They are reasonably priced trading at a p/e of 25.70. Relatively small, they have a market cap of $944.7 million, with 28.7 million shares outstanding and 27.6 million shares floating.
I actually like this stock a lot. Not very exciting but then again their performance is steady. I don't own any shares but would be happy to add them to my portfolio if the opportunity arose....otherwise YOU might wish to pick up some shares!
Please contact me at email@example.com if you have any questions, comments, or words of encouragement! Bob