Celestica Inc

CLS-T

TSE:CLS

9.16
0.09 (0.99%)
Celestica Inc. is a Canadian multinational electronics manufacturing services company headquartered in Toronto, Ontario.
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Analysis and Opinions about CLS-T

Signal
Opinion
Expert
WATCH
WATCH
May 29, 2015

The period of seasonal strength is from December to April. Right now it is still looking very good. Technically it is in an upward trend, trading above its 20 day moving average, and its strength relative to the Canadian market is very, very strong. Even though it is past its period of seasonal strength, as long as it continues to outperform the market, stick with it. Watch your technical indicators. As they start to roll over in the corrective phase of the market, that is when you want to start taking money off the table. Stick with this right now, but watch it very closely.

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The period of seasonal strength is from December to April. Right now it is still looking very good. Technically it is in an upward trend, trading above its 20 day moving average, and its strength relative to the Canadian market is very, very strong. Even though it is past its period of seasonal strength, as long as it continues to outperform the market, stick with it. Watch your technical indicators. As they start to roll over in the corrective phase of the market, that is when you want to start taking money off the table. Stick with this right now, but watch it very closely.

PAST TOP PICK
PAST TOP PICK
May 15, 2015

(A Top Pick June 10/14. Up 15.4%.) He is very pleased with this. They end up doing well on free cash flow generation. Continuing to transition from commodities (cell phones). Their longer-term plan is to move towards aerospace and medical, where the margins are better.

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(A Top Pick June 10/14. Up 15.4%.) He is very pleased with this. They end up doing well on free cash flow generation. Continuing to transition from commodities (cell phones). Their longer-term plan is to move towards aerospace and medical, where the margins are better.

BUY
BUY
May 14, 2015

He is not surprised they are doing a share buyback. It is inexpensive. They have no debt. It is one of these show-me stocks and he won’t get rid of them until they disappoint.

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He is not surprised they are doing a share buyback. It is inexpensive. They have no debt. It is one of these show-me stocks and he won’t get rid of them until they disappoint.

WEAK BUY
WEAK BUY
April 9, 2015

Not a business he would get excited about because it is very low margin, but the stock chart is good.

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Celestica Inc (CLS-T)
April 9, 2015

Not a business he would get excited about because it is very low margin, but the stock chart is good.

PAST TOP PICK
PAST TOP PICK
March 19, 2015

(Top Pick Jun. 10/14, Up 11.79%) There are good long term growth prospects but he got out because it did what he wanted it to do for him.

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Celestica Inc (CLS-T)
March 19, 2015

(Top Pick Jun. 10/14, Up 11.79%) There are good long term growth prospects but he got out because it did what he wanted it to do for him.

BUY
BUY
February 13, 2015

Canadian technology companies in general are really doing well. This company is delivering on their numbers.

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Celestica Inc (CLS-T)
February 13, 2015

Canadian technology companies in general are really doing well. This company is delivering on their numbers.

TOP PICK
TOP PICK
January 2, 2015

This is cheap at 6.3X enterprise value to EBITDA. 13% ROE forecasted for 2015. Has over $500 million in cash, which is about 27% of their market value. Huge free cash flow generator of over $164 million over the last 12 months, and an 8% free cash flow yield. Thinks it is breaking out. Above $14 is the point where, on large volume, you wait for that and then be an aggressive buyer.

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Celestica Inc (CLS-T)
January 2, 2015

This is cheap at 6.3X enterprise value to EBITDA. 13% ROE forecasted for 2015. Has over $500 million in cash, which is about 27% of their market value. Huge free cash flow generator of over $164 million over the last 12 months, and an 8% free cash flow yield. Thinks it is breaking out. Above $14 is the point where, on large volume, you wait for that and then be an aggressive buyer.

PAST TOP PICK
PAST TOP PICK
December 8, 2014

(A Top Pick Nov 20/13. Up 21.64%.) This company was really keen, had spare capacity. Given the high cost structure, you need more business to come online to get your margins where you want them. There is still quite a bit from this. They haven’t really fired on all cylinders. It is always some part of the business that hasn’t seen the demand that they have wanted. Very attractive on a valuation basis, given the cash on the balance sheet.

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Celestica Inc (CLS-T)
December 8, 2014

(A Top Pick Nov 20/13. Up 21.64%.) This company was really keen, had spare capacity. Given the high cost structure, you need more business to come online to get your margins where you want them. There is still quite a bit from this. They haven’t really fired on all cylinders. It is always some part of the business that hasn’t seen the demand that they have wanted. Very attractive on a valuation basis, given the cash on the balance sheet.

HOLD
HOLD
September 15, 2014

Has never been comfortable with the story. They are an outsourcer with very low margins. They are still growing on a global basis, however. They are manufacturing, not technology. He would have a look at it if it was below $12 [which it is now].

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Celestica Inc (CLS-T)
September 15, 2014

Has never been comfortable with the story. They are an outsourcer with very low margins. They are still growing on a global basis, however. They are manufacturing, not technology. He would have a look at it if it was below $12 [which it is now].

PAST TOP PICK
PAST TOP PICK
September 12, 2014

(A Top Pick Aug 27/13. 12.07%.) It was extremely cheap when he bought it. They had a lot of cash and were buying back a lot of shares. Margins are starting to grow from the diversified business. Sold his holdings.

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Celestica Inc (CLS-T)
September 12, 2014

(A Top Pick Aug 27/13. 12.07%.) It was extremely cheap when he bought it. They had a lot of cash and were buying back a lot of shares. Margins are starting to grow from the diversified business. Sold his holdings.

PAST TOP PICK
PAST TOP PICK
August 29, 2014

(A Top Pick Aug 2/13. Up 7.75%.) Thinks this is still a Buy. Has broken out of a very long sideways base of 10-12 years. Gradually transitioning from a handset manufacturer towards medical and aerospace, where there is less competition.

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Celestica Inc (CLS-T)
August 29, 2014

(A Top Pick Aug 2/13. Up 7.75%.) Thinks this is still a Buy. Has broken out of a very long sideways base of 10-12 years. Gradually transitioning from a handset manufacturer towards medical and aerospace, where there is less competition.

DON'T BUY
DON'T BUY
August 5, 2014

Impressive balance sheet. In the right space. Got whacked when BlackBerry (BB-T) pulled their business, but they seemed to have replaced that with other stuff. Great capital management. The problem is that it is such a low margin business and there is no moat to their business. It is very tough for him to Buy this company.

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Celestica Inc (CLS-T)
August 5, 2014

Impressive balance sheet. In the right space. Got whacked when BlackBerry (BB-T) pulled their business, but they seemed to have replaced that with other stuff. Great capital management. The problem is that it is such a low margin business and there is no moat to their business. It is very tough for him to Buy this company.

HOLD
HOLD
July 30, 2014

Just reported earlier this week. Numbers were good, but softer than people expected. He exited at $10 at his previous employer. He owns just a little bit. You won`t be hurt by this story.

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Celestica Inc (CLS-T)
July 30, 2014

Just reported earlier this week. Numbers were good, but softer than people expected. He exited at $10 at his previous employer. He owns just a little bit. You won`t be hurt by this story.

WEAK BUY
WEAK BUY
July 29, 2014

Have done a pretty good job of turning things around. They were in dire straits in the recession when they had overcapacity and their balance sheet wasn’t that great. Have bought back a ton of stock, and are now basically waiting for the economic situation to come to them. This is a later cycle economy stock. When business is so good in the tech world and people need third-party manufacturing that is when they really start to coin. Because they bought back a lot of stock, their earnings leverage will be really good at that point in the cycle. Still a little early for this kind of scenario, but for a 2 or 3 year time frame, you should be okay. Not a bad company.

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Celestica Inc (CLS-T)
July 29, 2014

Have done a pretty good job of turning things around. They were in dire straits in the recession when they had overcapacity and their balance sheet wasn’t that great. Have bought back a ton of stock, and are now basically waiting for the economic situation to come to them. This is a later cycle economy stock. When business is so good in the tech world and people need third-party manufacturing that is when they really start to coin. Because they bought back a lot of stock, their earnings leverage will be really good at that point in the cycle. Still a little early for this kind of scenario, but for a 2 or 3 year time frame, you should be okay. Not a bad company.

DON'T BUY
DON'T BUY
July 28, 2014

Not a name he has looked at in the long time. We are going through a correction like a lot of tech stocks. There is a lot of support around $10.40 from the beginning of the year. If it goes much below that it could be very damaging.

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Celestica Inc (CLS-T)
July 28, 2014

Not a name he has looked at in the long time. We are going through a correction like a lot of tech stocks. There is a lot of support around $10.40 from the beginning of the year. If it goes much below that it could be very damaging.

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