$25.16
0.44 (+1.78%)
Jabil Circuit, Inc. (NYSE:JBL)
CAPS Rating:
The Company is an independent provider of electronic manufacturing services and solutions.
The Company is an independent provider of electronic manufacturing services and solutions.
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Jabil is one of the most effective and efficient contract manufacturers out there. They continually post positive net income (which is more than most in this field can say), and management knows how to diversify their business in an effective way.
Now that this stock is down approx. 30% from my original outperform rating, I think it is truly undervalued. I saw an intervview with Tim Main this morning, and he is really surprised at Wall Streets negative reaction to the company's latest earnings release... on the contrary, he thought it totally proved out that they are "back on track". Tim knows this business, so my bets are with him.I'm not currently an owner of this stock, but I am contemplating making a purchase if the stock goes much further south from here.