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PebbledsPicks (67.69)

January 2009



January 2009: Ingram Micro Inc. (IM)

January 02, 2009 – Comments (0) | RELATED TICKERS: IM

Ingram Micro, which distributes IT products and services worldwide, began its business in 1979 as Micro D Inc. IM has grown through a series of acquisitions and mergers, and now distributes primarily computer hardware (including both entire systems and peripherals), networking equipment, and software products to customers in more than 140 countries. IM also provides supply chain optimization services and demand generation services to suppliers and reseller customers. As a distributor, it markets products and services to resellers and suppliers, which in turn market and sell directly to end users.

The company distributes hundreds of thousands of products through 89 worldwide distribution centers. It offers products from 1,300 suppliers, from Acer and Advanced Micro Devices to Western Digital and Xerox. With the exception of Hewlett-Packard, which typically generates over 20% of net sales, no one vendor represented more than 10% of net sales in recent years.

Comments: I'm going back to some stocks I thought were cheap back on March 5, 2008, in an email I wrote to a friend.  Here's what I wrote back then when IM traded at $15:  [more]