Mike Arnold
Long only, small-cap, tech, growth at reasonable price

Charles River Associates: A Back Door Play On Litigation

Charles River Associates (NASDAQ:CRAI) is a "global consulting firm that offers economic, financial, and strategy expertise to law firms, corporations, accounting firms, and governments around the world." CRAI offers its services in two broad areas (1) litigation, regulatory and financial consulting and (2) management consulting. Investors can think of CRAI as a publicly traded think tank. Of their 625 employee's at year-end 2012, 110 held doctorates and 140 held MBA's.

As a former management consultant in the economic damages field, I can tell readers that CRAI does have a quality reputation in the industry and puts out quality analysis.

However, the stock has underperformed over the years and I wanted to bring the company to the attention of...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details