Contra Capital Management Believes CUB Could Spike 70%

Russell Saracheck, a managing partner of Contra Capital Management spoke on CNBC's Fast Money about recent M&A activity. He said that this mini M&A boom is a very positive sign for the companies but it is not positive for the economy.

Contra Capital Management are looking for individual situations that are attractive to own on a stand alone basis, especially in the industrial and defense sector. Contra Capital Management owns Cubic Corporation
(NYSE: CUB) and Russell Saracheck believes that this stock is worth $60. Cubic Corporation (CUB) is in a defense business and it has a public transit business too. It is currently trading at $35.

Cubic Corporation (NYSE: CUB) gained 1.24% today.