Robert McWhirter Celestica Inc CLS-T BUY Nov 10, 2000

Good company. Benefited from a lot of things that may change, like sentiment on AI. He'd wait to see whether its expenditures come off from the big companies, which could prompt more volatility.

CLS did raise guidance a little bit, but the stock declined about 4% after the news release. Analysts had expected more of a material raise in guidance. Still, the quarter was good, and the stock is cheap at 19X earnings. We would be comfortable on the buy side here still.
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Not in his fund, but in separately managed accounts. Fantastic job on the supply side. 12-month price target of $199. If you own it, hold on. Add around $148, and another 1/3 around $140.

A darling. The story remind him of Dell, which assembles technology from other companies in a product for you to use. This raises questions of pricing power and technological differentiation. He has similar questions about CLS. As well, electronic manufacturing companies generally don't have great operating margins; a digestion phase in the markets would be a challenge for them.

Be cautious of names that get attached to the AI bandwagon. News like DeepSeek can also compress the multiples of the AI derivative plays.

This area of the market has seen massive demand, largely driven by AI and the buildout of data centres. Outlook is quite strong. Valuation quite reasonable. Very well run. Future isn't as certain within the semi sector. His preference is TSM or NVDA.

Looks good. He'd pick CLS, as it's in a nice upward trend. More potential upside.

The chart says the old high has been taken out. Good. The rebound in the last two months was a big move, parabolic. But count on a short-term pullback, as long as it doesn't break below the old high of $180. This is very good.

Already trading 30% above what analysts think it's worth a year from now. In momentum mode. If you're going to trade and buy at the breakout here, you have to be very sensitive to a correction at some point as seen in the chart in February. That's the environment we're in when you're chasing new all-time highs on a name.

He's a value guy. He likes to buy on a pullback, not when a stock's breaking out to all-time highs. That's just his style, doesn't mean it's right and other ways are wrong.

It doesn't pay a dividend, Assembles materials for data centres and correlates to Nvidia. It has been switching to a more stable recurring revenue sysytem. He wonders about other developments coming and looks for dividend paying stocks with less volatility. He talked about Verses Tech on the Neo exchange (VERS) with a different method of machine learning and AI which uses less computer power and less electricity.

Great Canadian success story. Positioned themselves well to benefit from the AI trend and data centre buildout. Benefiting from semiconductor companies spending huge amounts. Not cheap, but not egregiously overpriced. Huge run, but earnings momentum is there. Take a bit off the table.