SI
SI
discoversearch

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 213.96+1.4%Nov 12 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: patroller who wrote (2079)12/13/1997 3:55:00 PM
From: solderman.com  Read Replies (3) of 6317
 
Patroller,

The market is saying something about the valuation of ECM stocks and right now that's all that matters. The enthusiasm that was there recently is gone. The multiples are retreating to historical norms in the group. Overcapacity MAY be an issue. I know you are a bull on JBIL and FLEXF and SLR, but sometimes it's better to be rich than right. No disrespect intended, but you have been on the wrong side of the trendt for a while (and a lot of points in the stocks you like). The market is not always rational, but ignoring the market's message and direction is also a mistake IMHO. Why Ko Nishimura thinks he has no competition is beyond me. I agree the growth the industry is undergoing is huge- growth in investment in new plants, equipment, etc. All this costs. Maybe there are new contracts in place to justify the new capacity, but they can all be cancelled at any time. I have read that ECMs do anywhere from 10-15% of all electronic assemblies now. What do you think the ceiling is on this? I know it's not 100%. BTW, was Ko talking about ECM's eventually having 100% of the assembly market? Was he saying that ECMs would eventually be 10 times larger in revenue(but still only have 10-15% of the assembly market)? Did he give a time frame? Was he talking about SLR only or the whole ECM industry?

My stance is that long term this is a great place to have some money, but the correction may not be done with, and it could be a fair while before we retest old highs. JMHO.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News