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Weekly Stock Pick
July 12, 2010

 
Stock:

Jabil Circuit,  Inc

Ticker Symbol:

JBL -  NYSE - Semiconductors

Buy:

13.00 to 13.50

Sell:

17.00

Info:

Jabil Circuit, Inc., together with its subsidiaries, provides electronic manufacturing services and solutions in the Americas, Europe, and Asia. It offers electronics and mechanical design, production, product management, and after-market services to companies in the aerospace, automotive, computing, consumer, defense, industrial, instrumentation, medical, networking, peripherals, storage, and telecommunications industries. The company's services comprise integrated design and engineering; component selection, sourcing, and procurement; automated assembly; design and implementation of product testing; parallel global production; enclosure services; and systems assembly, direct-order fulfillment, and configure-to-order services. It also offers cell phones and mobile products, televisions, and set-top boxes, as well as peripheral products, such as printers; and aftermarket services consisting of warranty and repair services. The company was founded in 1966 and is headquartered in St. Petersburg, Florida.

Financial Info: For the nine months ended 5/31/2010, revenues increased 7% to $9.55 billion. Net income totaled $110.1 million versus a loss of $1.17 billion.

Key Ratios:

Current Ratio: 1.36,  Total Debt/Equity Ratio: N/A, Trailing P/E: 26.01x;
Forward P/E: 6.85x,  Price/Sales: 0.24,  Price/Book: 1.92 
Dividend:  2.00%

Share Info:

There are 217.46  million shares outstanding with 193.70 million shares in the trading float. Institutions own approximately 83.30% of the shares outstanding. There have been 0 insider purchases and 24 insider sales totaling 798,474 shares in the last six months. Real-Time SEC Filings

As of 6/15/2010, there were
5.20 million shares short.

Net Institutional Selling:   15.52  million shares in the most recent quarter

Articles: J.P. Morgan Bullish On Contract Mfg; Wary On Component Cos

Jabil: Weisel Upgrades to Overweight; Sets Price Target To $20

 



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