Outsourcer of computer products. Depends on the health of computer companies like IBM, Cisco, etc. Has restructured to correct a weak balance sheet. Have to have a stronger recovery in the Tech market.
Huge company with about $12 billion in sales. Over $1 billion in cash. Working through a turnaround. Have competed stage 1 and are into stage 2. Letting about 1500 employees go giving them a $35-$40 million cash write-down. Not much debt. Getting a new CEO.
Sector that is very deeply out of favour. Extremely competitive area. The trend towards contract manufacturing is here to stay. Feels there will be plenty of business for them once they are restructured.
A major electronics manufacturer. Wild card is that they are looking for a new CEO. Marginally profitable now. They are in the 3rd phase of rationalization, which will cost them money.
(A Past Top Pick Apr 20/07. Up 14.1%.) Acquired by Flextronic (FLEX-Q) for $3.89 or shares. He elected to keep the shares and Flextronic is on his Buy list.
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