Pros
New CEO gives a ray of hope since company has had CEO turnovers the last 3-4 years even before the split with SAIC; Lots of hard working people still there; Leidos has two large pieces to its pie: one side going like gang busters or at least appears or is reported that way; in recent weeks (Nov 2014) some stock price recovery has occurred.
Cons
Same ol' BoD still there; other half of the company or part of that other half might be ailing as reported in recent weeks; employee benefits have eroded for quite some time; heard more layoffs with indirect employees just occurred; don't expect much for loyalty not to mention hard work; missing quarterly targets have hurt the stock price; How many times can a company change/lower its targets and still miss?