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CSC


Ravi

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Any thoughts on CSC. Produces around $1B cash with EV $5B. Biggest risk is US gov slow down. Currently 34% of revenues come from that and 40% NI. Even if you assume it drops by 50%. it will still produce $700MM. Accounting issues in Nordic region. Started giving dividends and $1B buy back. What am I missing here?

 

In previous life I was in IT consulting and it has some stickiness especially it is very tough to get into govt. contracts. It is a very long process to get the contracts. CSC started with US gov since 1950. Already has $16B in revenues in pipeline. 

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