<<Maybe we are geting the post earnings sell off early>>
I think so. I think some trading money came into the stock for earnings and for the pump for when the secondary that they filed for a couple of weeks ago comes. SCI spoiled their plans, they are dumping now to go onto their next party. I think if earnings and guidance are good, we will go up afterward, not down, not even tepid like SLR. The bankers for the secondary will see to it. They want a successful deal. Jabil must have something planned to file for $1.5b, I would guess. Though Patroller is a better source, if he would be so good as to magically show up!
Here is the secondary news, if anyone missed it:
Message 14295607
<<Jabil Circuit Shelf Registration Rated (P)Baa3: Moody's
Tuesday, August 29, 2000 10:25 AM
NEW YORK -(Dow Jones)- Moody's Investors Service Tuesday assigned ratings of (P, news, msgs)Baa3/(P, news, msgs)Ba2/(P, news, msgs)ba2 to the $1.5 billion universal shelf registration for senior debt, subordinated debt, and/or preferred stock, respectively, filed by Jabil Circuit Inc., a leading provider of worldwide electronic manufacturing services (EMS, news, msgs).
Moody's said Jabil's senior implied rating is Baa3, and its senior unsecured issuer rating is Baa3. This is the first time that Moody's has rated the debt of the company. The ratings outlook is stable.>>
<snip> |
