JBL - Jabil: Limited Visibility In A Challenging Environment
Investment Thesis
Jabil Inc. (JBL) delivered a poor Q2 F2020 primarily due to supply chain interruption and utilization issues in its facilities in China related to COVID-19 outbreak. Looking forward, COVID-19 is now a pandemic and may negatively impact global demand for electronics. Therefore, we think Jabil’s business will be impacted negatively in the second half of its F2020. Despite its attractive valuation, we think investors may want to wait on the sidelines especially because visibility is limited at the moment.
Data by YCharts
Recent Developments: Q2 F2020 Highlights
Jabil delivered a disappointing