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.
Jabil Circuit is a American stock, trading under the symbol JBL-N on the New York Stock Exchange (JBL). It is usually referred to as NYSE:JBL or JBL-N
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In the last year, there was no coverage of Jabil Circuit published on Stockchase.
On 2023-02-16, Jabil Circuit (JBL-N) stock closed at a price of $84.61.
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.