CK Cooper Not Expecting Any Surprises From SRX

Analysts at CK Cooper reiterate their "hold" rating on SRA International SRX. SRX has scheduled its annual investor day for June 15. CK Copper believes “…there will not be much in the way of surprises, in this note we will highlight what specifically we will be looking for at the investor day.” As the defense IT group is being challenged by many things, the analysts will be “focused on any anecdotal evidence or otherwise that points to the state of the funding environment, which we believe will be strained for some time. As the main driver of SRX’s revenue, this is clearly important for the company, but has implications for the other names in the space as well.” ”During F3Q10A, SRX realized a goodwill impairment charge related to the Era acquisition of about $60 million and another $1.3 million impairment charge on some related intangible assets. As much, as we have not been fans of this acquisition, given recent events: is most of the risk out of the acquisition,” CK Copper mentions. More Analyst Ratings here