Ｐａｇｅ 832385 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 通常モードに戻る ┃ ＩＮＤＥＸ ┃ ≪前へ │ 次へ≫ ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ▼correspondent ( Xu foekneeni 13/10/4(金) 10:58 ─────────────────────────────────────── ■題名 ： correspondent ( Xu ■名前 ： foekneeni <squeexeryav@airmax-sale2013club.us> ■日付 ： 13/10/4(金) 10:58 ■Ｗｅｂ ： http://samanthathavasadiscount.inalcajbs.com/ -------------------------------------------------------------------------
| Can Booz Allen Continue Its Bull Run Booz Allen Hamilton (BAH) is but one other entry from one Samantha Thavasa 店舗 Government contractors サマンサ　フルールピル of Magic Formula Investing's(MFI) favourite business sectors defense and government contractors. The stock is up almost 30% more than サマンサタバサ ディズニー 財布 the previous three months, riding the defense bull market in addition to numerous fellow MFI stocks like Northrop Grumman (NOC) (up 21%), Lockheed Martin (LMT) (also 21%), andExelis (XLS) (up an impressive 37%). The essential concerns are does the defense marketplace have the サマンサタバサ セール バッグ ammo to blast larger, and how is BAH positioned to advantage if so? Booz Allen has been in the government consulting game for any long time, because Planet War II. These days, 99% of revenues come from Uncle Sam. 55% of sales are to defense customers the Army, Navy, Air Force, Marines, along with other Division of Defense (DoD) agencies. 23% of sales are to the サマンサタバサ セール バッグ intelligence neighborhood the NSA as well as other "classified" agencies. The remaining 22% are to civil government departments, primarily サマンサタバサ バッグ 新作 within the http://samanthathavasaonline.hailunlinye.com/ Boost サマンサタバサ モデル disciplines of monetary services, overall health, security, and justice / law enforcement. Government contractors present all kind of solutions, but Booz Allen's fall into a few categories. Management Consulting and Operations may be the サマンサ ニューヨーク Government contractors サマンサ ニューヨーク largest one, providing project management, supply chain logistics, evaluation and implementation for intelligence, military, healthcare, along with other division concerns. The enterprise also supplies contractors for technical and engineering implementations the individuals who サマンサタバサ 財布 新作 2013 ディズニー implement and make サマンサベガ二つ折り財 the systems and tools spec'd by the consulting guys. Revenue development over the next several years will probably be http://samanthathavasabest.hailunlinye.com/ a challenge. Sequestration went into impact on March 1. Because of this, federal defense spending is anticipated to fall 6% this year and about the exact same for 2014, and develop at about 2% just after that by way of 2023, that is far beneath the 7% growth http://samanthathavasahot.inalcajbs.com/ price サマンサタバサ モデル knowledgeable from 20002012. Booz Allen's final results have mirrored this revenue was down 1.7% in fiscal (March) 2013, and forecast to be down about 2% for 2014. The firm has relied on acquisitions (such asARINC) to expand service offerings in valuable http://samanthathavasaofficial.hailunlinye.com/ strategic areas, and is reentering the industrial http://samanthathavasadiscount.hailunlinye.com/ market place. Improving サマンサベガ二つ折り財 margins have also been a catalyst restructuring and tight management of headcount has permitted サマンサタバサ バッグ Booz to raise operating margins from below 4% in 2010 to 7.7% last サマンサタバサ 財布 アウトレット Government contractors サマンサタバサ バッグ メンズ year. As a result, BAH has in reality grown operating earnings at a 12% compound development rate more than the past three years. But, additional サマンサタバサ バッグ 新作 margin upside is most likely limited. Close comparables to BAH (like SAIC (SAI)and ManTech (MANT)) run margins right around the 8% mark. I'm dubious as to how much a great deal more サマンサベガ二つ折り財 management can squeeze out of your online business model. So the story here サマンサタバサ セール バッグ is 1 of mediocretono income development, restricted margin upside, a fairbutmiddling standard dividend (2.1%), and no history of meaningful share buybacks. Booz did spend a enormous $8/share in unique サマンサタバサ新作ポー dividends throughout 2012, but we've missed the boat on that plus the balance sheet was dirtied up as a result ($1.7 billion in debt vs. Offered all this, Booz Allen will not look like a particularly http://samanthathavasabest.inalcajbs.com/ intriguing Magic Formula choose http://samanthathavasaofficial.inalcajbs.com/ Boost サマンサタバサ バッグ 新作 at this point in time. My price estimation was $18.50/share, really slightly under existing trading costs. We'll pass on this name and appear for additional eye-catching possibilities. |