Opinions
Jim Cramer - Mad Money
Avnet
AVT-Q
HOLD
Sep 15, 2023
$47.600
Stock price when the opinion was issued
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COMMENT
They're a mega seller of computer hardware and electronic components, including semiconductors. Last month, they reported strong numbers with much better than expected guidance. A great company. But the stock has now pulled back. It trades at less than 9x this year's earnings, though it's been as high as 18x in the past.
Technology
It's frustrating, because shares are declining, but it trades at a low multiple and is profitable. Hold on.