Jabil Circuit (JBL) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Jabil Circuit (JBL)

JBL 222.51

+0.7%

11:35 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Michael Hart who wrote (6286)	1/13/2005 10:41:55 PM
From: Asymmetric	Read Replies (1) of 6317

Jabil Pop Probably Due to Lehman Overweight Today Lehman Morning note: "We held meetings with Jabil's CEO & CFO and believe the recent sell off in the shares is a buying opportunity. The quarter is tracking to plan, and the company should meet or exceed our FY05 estimates of 18% top line and 19% bottom line growth. Growth is coming from new or expanding outsourcing wins, not from end market strength. However, we believe current business trends came through for the key months of December and thus far in January. Our main positive investment thesis towards the shares and our 1-OW rating is due to solid operating metrics, both fundamentally and in comparison to other names in the group. For example, Jabil's EBITA margin for the most recent quarter was 4.4% vs. an average of 2.4% for the other top tier providers. ROIC is an industry leading 17% vs. the average of 9%. Thus, given the shares' recent sell off we would add positions at these levels and reiterate our $30 price target (24X our CY05 EPS estimate of $1.27), for possible capital appreciation of 36%." Good luck to all. Peter

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next