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CACI: Benefiting From The Booz Allen Fallout

CACI International (NYSE:CACI) is an underrated IT company that develops and integrates systems, software and simulation products for government and commercial enterprises.

The stock is down 4.5% since June 1st, having been unfairly pressured by the Booz Allen (NYSE:BAH) incident. In fact, Booz Allen is actually outperforming CACI since May 1st, despite the saga, but both stocks took a downward turn after The UK Guardian broke the news that Booz Allen employee Edward Snowden was behind the NSA leak.

We think the selloff at CACI was overdone, where the Booz Allen incident has scared investors out of many of the defense contractors. However, there is another big overhang for the stock: the Department of Defense...

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