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Andrew T. Gillies is Director of Communications at the Center for Audit Quality, an affiliate of the American Institute of CPAs, in Washington, DC. Based in Washington since 2002, he has also worked in editorial and communications roles at the Investment Company Institute, the World Bank, Forbes, and Vault.com. His policy-themed writing has focused on aerospace and defense, energy and environment, transportation, and financial services.

Thursday, September 25, 2008

Mid-Cap Beltway Bets

As part of our Washington coverage on Forbes.com, we take a keen interest in companies doing significant business either directly with the U.S. federal government or with the big contractors catering to it.

One reason: investment opportunity. Sometimes it pays to make a bet on a company with products or services that have struck have the fancy of a huge, sophisticated and deep-pocketed customer: Uncle Sam.

We've used our annual list of the 100 Best Mid-Cap stocks to test the proposition, with good recent results. The seven stocks we highlighted in this 2007 story show a 12-month total return of 2%, through our price date of market's close on Sept. 18, versus a 19% drop (total return) for the S&P 500.

Full story at Forbes.com