Que -- techland via Tech Data (TECD).
I have held many shares of TECD for 6.5 years -- quite a roller-coaster. I write covered calls.
<img src="http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=TECD,uu[r,a]dbclyymy[dc][pb5!b15!d20,2!f][vc60][iub14!ua12,26,9!li14,3][J1786163,Y]">
Despite the name, it is an "outsourced logistics partner" for IT consultants and vendors such as CSCO, IBM, CPQ, HWP and 50,000 others. Revenues are about $25 billion (as stated in GAAP), but as a logistics company the real measure of revenues should be gross margin. No accounting tricks. I like it because of solid earnings, reasonable P/E (generally in the mid-teens), great management and no technological or product obsolesce risk. The CEO owns a large block and has run the company for 20+ years (since earning a masters in International Affairs from Georgetown -- useful now that 45%+ of revenues are in Euroland, LA and Canada).
I believe that one of these years GE, UPS or FDX will acquire TECD.
The stock has fallen in the past 3 days due to a Ray-James downgrade to Buy from Strong Buy. |
