Opportunities arising out of the Iraq scandal.

The recent prisoner abuse in Iraq has dragged 2 companies (CACI Inc, and Titan) into the (harsh) limelight. The resulting drop in stock may make for a good buying opportunity since these 2 are likely takeover targets.
I own a few of Titan, bought before the current scandal became public. Keep in mind that Lockheed made an offer for Titan a while ago, but the stock still trades at a discount due to other problems with the company. This is a speculative buy.
CACI (CAI) seems a better bet, but could go down further on more revelations. I am watching ...

For the "ethical" investors who would rather invest in Enron/Worldcom ;-), i should point out that this is not the first time these (or many other companies) have been in such trouble. These names also come up when Pinochet and the Sandinistas are mentioned. i.e given Pinochet's bloody record and the Sandinista's willingness to blow up school buses with innocent kids, one shouldn't be surprised at these "cruelties" - i guess the only difference was that this time it was not done in the name of "liberty"! Anyways, if you are bothered by profits from such investments, you should be giving it away (that is what i have done in the past and what i plan to do in the future with such "blood" money).

As long as such "tainted" companies are publicly traded, they are legal entities and the investment activity is also legit. That is a "pass" for entry into this blog.