Summary
Stocks with low tallies for P/E and other traditional valuation ratios are a dime a dozen.
Lately, though, Mr. Market has been unimpressed.
It’s not that value is dead (it isn’t). It’s that Mr. Market prefers to get a good price on shares of a good company, rather than a dog.
Defense IT contractor CACI International is an example of the sort of value stocks that works today.
Stocks with low tallies for P/E and other traditional valuation ratios are a dime a dozen. Lately, though, Mr. Market has been unimpressed. It’s not that value is dead (it isn’t). It’s that Mr. Market prefers to get a good price on shares of a good company, rather than a dog. Defense IT contractor CACI International is an example of the sort of value stocks that can work today.
Why this Stock is Being Considered
It’s important, before you start to read about or evaluate a stock, to know why it came under consideration and be comfortable about the soundness of those reasons. CACI International (CACI) got into my radar as a result of the Goldilocks Value screen I created on Portfolio123 that looks for stocks with relatively low valuation metrics, but only from a universe that has been prequalified to include situations benefiting from the strong momentum Mr. Market cherishes nowadays. Details of the approach are described in a 6/27/18 blog post.
