Could SAIC go bust? shareholder and employee Lawsuits swirling overhead, reputation severely damaged on CITYTIME. It could really stink if that were to happen for the shareholders + the employees remaining.
Looks like its not news today, that SAIC is again teetering nearing a NEW 52 week LOW...which is lower that its news worthy 52 week low in September 2011 low. Is this not news? Didn't SAIC just snap up their own stock and push a dividend out to shareholders to bulster share price? Does not seem to have helped. Earnings report out real soon, more disclosures on the lawsuits?
Stock today May 4th 2:15pm 11.59, and dropping.
http://www.marketwatch.com/investing/stock/sai
Stock Sept 2011 11.83
http://www.thestreet.com/story/11264202/1/saic-stock-hits-new-52-week-low-sai.html