Replies to post #65 on Jabil Circuits (JBL)

[OldAIMGuy]

Hi EZ, I can't explain the differential. JBL's going to earn more this year, so with the same general P/E it should be higher in price. It would appear that SANM and FLEX both may have flown "closer to the Sun" so had further to fall. They all have similar 52 week highs, but currently JBL is at about 2/3rds of its high where FLEX is at about 1/3rd and SANM is at about 1/5th of its year's high.

Best regards, Tom

[OldAIMGuy]

Hi EZ, I've not checked short interest on JBL for a long
time. I have a source for NASDAQ shorts on-line, but not
the NYSE. Here's the other two -

SANM

 
 DATE     SHARES SHORT      AVE. VOL.    RATIO 
 07/02     14,695,682       7,648,561     1.92   
 06/02     17,566,960       8,356,304     2.10    
 05/02     19,866,673       8,937,259     2.22    
 04/02     16,501,256       7,305,735     2.26    
 03/02     17,876,828      11,453,595     1.56    
 02/02     17,283,328      13,608,154     1.27  
 

AND FLEX

 
 07/02      7,282,143      13,173,000     0.55    
 06/02      5,984,523      12,996,255     0.46   
 05/02      6,139,225      10,158,109     0.60  
 04/02      9,774,284       9,596,825     1.02   
 03/02     14,264,443      16,028,095     0.89  
 02/02     17,338,743      12,189,796     1.42  
 

Sorry I don't have JBL's. It looks like now that SANM's SCI
merger is settling down that shorts are diminishing a bit.
FLEX eliminated much of the short position earlier this
year and since has been more stable. Trade volume is
actually more interesting between these two companies. After
FLEX's shorts were pretty well covered, volume started to
pick up again. SANM's volume has been drying up.

I guess I'm just trying to find some new tea leaves to read.
In the mean time, I'm content with this most recent
improvement in JBL's price/share. Nibbled away when the
price was down, so have some inventory which can be sold
profitably in the low $20s.

Best regards, Tom