TOO all I think.jabil has cut a deal with a small group of investors ,{ie banks} price has already
been determined,so all the stock is spoken for most likely around 74 bucks,the
unspoken rule is that the banks will support the stock for a couple of weeks,further
jabil has a history of only building something that they already have contracts to
fill,likewise they already have a deal or deals in hand other wise the bank wouldnt
buy in without a good reason.
Everyone knows that Nortel and LU are going to divest a lot of manufactoring with
it plants, equipment,employees an such ,this is going to show it self soon,solectron
recently added shares and a bond offering and stock soared,flex did a stock
offering and the stock soared.So should it suprise us that jabil needs money to do
the same.The street knows someone is going to get a brass ring,and now we know
SLR JBL FLEX .
Remember that 40% of the offering is the Morean family,selling some of their vast
holdings,Iam sure the bank demanded they sell so Morean didnt have so much
voting power,this had to happen ,trust me he put us first and sold at a discount,for
the best interest of the company,if the stock sells off monday morning it is a great
short term opportunity ,I look to see flex jabil solectron announcing one deal after
another in the next couple of months and I exspect a split in march.
Finally it should be remembered that the delution wil be averaged in this quarter so
they may only add a million shares this earning report.Hope I got to everyones
concerns.patroller
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