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ARW - Arrow Electronics: Not Enough For An Investment
Arrow Electronics Inc.
We are cautious about Arrow Electronics (ARW). From a valuation standpoint, the company doesn’t offer much of an upside as it's trading in the top range of its historical EBITDA multiple. The company was experiencing some top-line deceleration starting in their 2019 second quarter when they posted negative quarter-over-quarter sales growth of 0.6%. That trend started accelerating throughout the rest of 2019, not counting the divestiture of their PC and Mobility segment.
It's still too early to understand what impact COVID-19 is going to have on the short- and medium-term outlook for the