Silicon Investor (SI) -- The First Internet Community

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.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (52382)	3/17/1999 4:16:00 PM
From: Michael Bakunin	Read Replies (1) \| Respond to of 132070

Yeah, but I still didn't get filled. Maybe I shouldn't be so cute with the limit orders.. except that I love saving that eighth if I can.

To: Knighty Tin who wrote (52382)	3/17/1999 4:17:00 PM
From: RealMuLan	Read Replies (1) \| Respond to of 132070

Mike: This Briefing.com analysis on JBL echoes yours. <<JABIL CIRCUIT (JBL) 41. The market remains more impressed with Jabil than is Briefing.com. After the close Tuesday, circuit board manufacturer Jabil Circuits (JBL) reported fiscal second quarter (Feb) profits of $0.28 per share, the classic penny above expectations. That was only two cents ahead of the $0.26 per share reported in the year-ago period, representing 7.7% annual per-share earnings growth. Revenue rose a more impressive 49%, which was up from the 40% year-over-year growth reported in the prior quarter. That is good news and stronger than was expected, but the year-over-year gain is driven largely by acquisitions. The brokerage community seems to be reacting favorably to the report, with some modest upward earnings revisions. Yet, the stock is fairly highly priced given that the ever-expected earnings boom still hasn't materialized. Operating earnings the past twelve months are just $0.97, putting the trailing 12-month price/earnings multiple at over 42. That is up a marginal 3% from the $0.94 for the twelve months prior to that. And, year-over-year per-share earnings growth the past two quarters at 2% and 7%, respectively, isn't very impressive either. Yet, many investors hold out very high hopes for this essentially low tech company. Earnings estimates for the near-term are always very bullish, and this remains the case after yesterday's report. The company gave a generally upbeat presentation (management at most companies is always upbeat unless conditions are terrible). There are definitely prospects for more revenue growth going forward. Yet, it is also worth noting the gross profit margin was 11.3% for the quarter, down from 13.3% in the prior year. JBL isn't exactly exploding in terms of margins or earnings. In fact, given the revenue number this quarter, JBL might have done better than beating earnings estimates by just a penny. Of course, the market has a very optimistic view of earnings for all companies right now, and JBL is no exception. There is a widespread belief that high earnings growth is imminent. The idea that something, somewhere, might go wrong, is generally not included in valuing a stock. So, Briefing.com views JBL as much in line with the overall market - high valuation given sluggish recent earnings growth, but boosted by reasonable optimism and future prospects. All in all, not bad. But not nearly as impressive as the bulls make it out to be. We are still waiting for those big earnings numbers that always seem to be just around the corner. >>

To: Knighty Tin who wrote (52382)	3/18/1999 2:01:00 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

>>To All, After some early silliness in the stock price, folks are starting to look at Jabil's quarter and their pe ratio<< mike, 8% growth isn't bad. hecvk, xlnx had 0 growth for 2 years and maintained a 40 pe b/c next q would be "great." every q ;-)