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Technology Stocks : Jabil Circuit (JBL)
JBL 220.96-0.2%Oct 31 3:59 PM EST

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To: Clouseau who wrote (6299)6/13/2006 2:59:23 PM
From: OldAIMGuy  Read Replies (1) of 6317
 
Hi C, Oui!

Well, they got my attention today. I added to my holding as a couple of limit orders I had tucked away at $26.25 tripped at the open today. Not necessarily the best catch on a falling knife, but no large arteries were hit!

Pretty sizable volume traded, too. You'd think they went out of business the way the market whacked away at them today. Admittedly the P/E was a bit heady back when the price was over $40, but now it's down to being almost "reasonable."

I note with some irony that Value Line lists Jabil with a #2 Timeliness as of the 4/14 report. That puts them in the upper eschelon of stocks for the next 12 months according to their methods. Hmmmmm, I wonder if the tune will change during the next round of Musical Chairs?

Actually, Value Line already has an update that I'd not seen when writing the above statements. They expect JBL's full year earnings to be around $1.45. If so, then the P/E would be in the 17 range at the current price/share. Not bad.

Best regards, Tom
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