Celestica Inc (CLS.TO) Buy, Sell or Hold

Celestica Inc (CLS.TO)

437.08

-24.06 (5.22%)

as of Oct 15, 2026, 6:31:42 pm Market Open.

215 watching

BUY

Likes this at this point. Part of their decline was due to the Japanese situation in and the view of supply chain issues, etc. All of their plants are now in Asia. Has about $4 a share in cash so there is opportunity for big dividend increases and maybe acquisitions.

BUY ON WEAKNESS

Fairly cheap but worries about how much value they can extract, as they don’t sell the end product. Financial multiples are attractive. Not sure this is the best time after their run up. In the wrong place of the value chain as they don’t get to keep any of the economic value themselves. Seem to be doing a better job of late.

DON'T BUY

Never really made anyone money unless you get it at the right stage in the cycle. Put stuff in boxes at very small margins for electronic and computer companies. When margins are squeezed, they squeeze Celestica’s margins.

BUY ON WEAKNESS

One of the stronger competitors in a very tough industry, contract manufacturing. Outsource manufacturing for the telecom industry. Historically marches have been very slim which is the reason for concern but they have come through the downturn with a very strong balance sheet. Trades at 10X earnings.

TOP PICK

Never liked it because of 1) low margins and 2) tied into long-term contracts where customer could walk away. Management has done a great job by getting rid of low margin businesses and increase their good businesses. RIM (RIM-T) is about 20% of their revenues. Good diversification in their products.

DON'T BUY

It’s a manufacturing company, not a tech company. Compare it to Magna and steel stocks. It’s doesn’t stack up well.

SELL

Has been executing well and the earnings are coming through. Thinks they are ramping up revenues as they are assisting Research in Motion (RIM-T) roll out some of their new products. Fully valued.

WATCH

(Market Call Minute.) Not a lot of stocks have returned to their October levels. Likes it a lot. The pullback worries him a bit. Has to break through $8 before you buy.

PAST TOP PICK

(Top Pick Apr 8/08 Down 0.42%) Had taken a down turn before being picked and has rebounded to here. Assuming economy is turning around, it is a hold.

PAST TOP PICK

(A Top Pick April 8/08. Down 47.3%.) Down 27% at Jan 28 sell point. Ranks neutral. New management is doing a good job.

DON'T BUY

(Market Call Minute.) Had reasonable earnings lately and thinks the company is turning around but you never see the margin growth that you want.

TOP PICK

Electronic manufacturing services continues to turn around. Revenues were up 14%. 13.5 P/E based on estimated 08 earnings.

SELL

Outsourcing electronics has turned out to be a horrible business. Too much competition.

DON'T BUY

(Market Call Minute.) Has avoided the stock.

DON'T BUY

The whole industry still suffers from over capacity. Main challenges are from Mexico. Ranks #253, middle of the pack, and earnings have not changed in the last 90 days. Earnings are expected to from $0.23 to $0.47.

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Celestica Inc (CLS.TO)