Jabil Circuit (JBL)

Buys back a lot of shares, reducing shares by 43% since end-2015. Is up 814% over 10 years. They just reported excellent numbers. Is up 50% this year.

They provide outsource manufacturing for all sorts of businesses, from healthcare to autos and data centres. They just reported a blowout quarter and raised their forecast. But the stock sold off 7% in one day. Their revenue guidance was conservative, so it sold, but he suspects there was profit-taking.

They report Thursday. They will have another great quarter, because there is so much demand for what they make.

He made 18% over 2 months, so took profits. Will add on pullback. Likes it.

Just bought it before earnings--beating top and bottom lines, with a 16% YOY revenue jump. Management increased the YOY top and bottom line. But it's up a lot so be careful.

Shares jumped 7% today because they reported a super quarter and raised their forecast due to a lot of data centre construction. Anything in data centres is on fire.

It just pre-announced weak sales and slashed guidance, but it's still up 70% this year. Earnings have tripled in the past 5 years. They do more than supply Apple. Offer steady earnings grow in the past decade.

He just bought it. It's cheap at 10x forward earnings. They're in a hot business--a in logistics and supply chains. A very cheap stock. They've gotten into new markets. It's low-risk given the low multiple. They will guide to an earnings number of $10/share. Earnings will be released on Wednesday. This is a long-term hold.

They report Thursday. The market always compares Jabil's results to Apple's, but he wishes they'd look at just Jabil. An unsung tech company, Jabil is up 36% YTD.

The problem he is having with this is the same problem he is having with many of the others in the contract manufacturing space. The margins are so thin. Their pre-tax margin is about 3%, so if they make a mistake, it costs them a lot and there is not a lot of opportunity to make up profit.