Avnet, Inc. (AVT)

odenpaul (< 20) Submitted: 4/29/08 12:43 PM : Start Price: $26.71 AVT Score: 8.49

Avnet is a major supplier to companies like Honeywell and other aerospace and electronics players. Many of AVTs customers aren't badly affected by the consumer downturn, so AVTs exposure to the overall weakness is fairly limited. Their training, services, and hardware are invaluable in many cases. While they missed earnings by about 4 cents, that doesn't seem too bad given the current environment. They ARE still growing, just not as quickly. Meanwhile, the share price has been driven down unreasonably on perceived weakness. A stock with earnings & growth like AVT does not deserved to be priced at book. It can only go up from here, IMHO.

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