Replies to post #124 on Jabil Circuits (JBL)

[OldAIMGuy]

Hi Troy, This from Zaks:

All Star Analysts Portfolio Highlights: Chico's, Jabil Circuit, Intel and The Sports Authority

CHICAGO

Zacks.com
Jason Kissinger, 312-630-9880 x 260
[e-mail]
www.Zacks.com

Zacks.com just released its latest additions and deletions to the coveted All Star Analyst portfolio. This exclusive portfolio represents all stocks with a Strong Buy rating from at least five analysts with a 5 Star All Star ranking. These are the brokerage analysts whose stock recommendations proved to be the most profitable for investors. In 2003 this portfolio gained +46.6% nearly doubling the rise of the S&P 500. The members on the exclusive list are: Chico's FAS, Inc. (NYSE:CHS), Jabil Circuit, Inc. (NYSE:JBL), Intel Corporation (NASDAQ:INTC) and The Sports Authority (NYSE:TSA). View the entire list of stocks on the All Star Analyst portfolio at http://at.zacks.com/?id=510

Here is a synopsis of why these stocks are on the All Star Analysts Portfolio:

(snip...)
Jabil Circuit, Inc. (NYSE:JBL) is a worldwide independent provider of electronic manufacturing services. In June, the company posted fiscal third quarter results which represented solid sequential performance as well as strong year-over-year performance in both revenue and core earnings. Jabil's third quarter of fiscal 2004 core earnings increased +39% to $53.1 million, compared to $38.2 million for the same period of fiscal 2003. Core earnings per share increased +37% to 26 cents per diluted share for the period, compared to 19 cents for the same period of fiscal 2003. Net income for the third quarter of fiscal 2004 increased to $40.1 million compared to $4.5 million for the same period of fiscal 2003. GAAP diluted earnings per share for the third quarter of fiscal 2004 were 19 cents compared to 2 cents for the same period of fiscal 2003. The growth will continue as guidance for its fourth fiscal quarter of 2004 indicated that it currently foresees revenue in a range of $1.60 to $1.65 billion and core earnings of 25 cents to 27 cents per diluted share, depending upon levels of production. With growth across the board, it is no wonder several top All Star analysts are recommending JBL. (snip......)

Fat P/Es aren't being treated very kindly these days. However, one of my favorite measures of market activity went "bullish" for the first time in a while this week.

(based on data from Value Line's 1700 stock list)

It will be a lot more convincing if we see the "smoothed" data along with the raw dip into bullish territory. This indicator has been showing much less volatility than usual since last year. I think part of it is the coming election. Nobody's wanting to be betting too heavily right now, hence zilch for Speculation.

Best regards, Tom

[OldAIMGuy]

Hi Troy,
Jabil's chart looks happier than it has all year.



W%R and Accum/Distr both looking like some sustained buying has been going on.

Best regards, Tom