Tuesday, January 25, 2011

Some SRA International, Inc

I initiated a position in SRA International, Inc. (Ticker: SRX) at $26.70. This is a defense company specializing in Command, Control and Reconnaissance. This company has hired financial advisors to review buyout offers. There is a lot of activity in the defense M&A space. I believe there is a high probability of an acceptable offer. I’ve had good results playing the defense companies and hopefully it continues.

I’ve been trading Sara Lee Corp. (Ticker: SLE), but this one is a tough one to figure out. It appears that potential bidders are not offering a big premium, which may force the company to spin off their divisions. I currently have no position in Sara Lee, but of course things can change in a blink.


I'm back in Sara Lee at $18.44. How things quickly change...


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