JBL - Jabil: The Best Kept Secret On Wall Street
2024-03-11 13:44:02 ET
Summary
- Jabil, a Florida-based electrical and manufacturing services company, has seen a relative lack of interest from investors despite its terrific stock-price performance.
- Indeed, over the past five years JBL stock has crushed the QQQ's by 300%-plus and the S&P 500 by 370%-plus, yet somehow it appears to be Wall Street's best kept secret.
- Jabil is scheduled to release its Q2 FY2024 earnings report before the market opens Friday. I'll preview those earnings and offer commentary on the company's stock buyback plan.
- I'll also touch on the company's current valuation level and its prospects going forward.
When you have been a Seeking Alpha contributor as long as I have (since 2008) you tend to get a good sense of investor sentiment simply by the number of page views and the number and tone of the comments these articles receive. A big surprise to me is the relative lack of interest in Florida-based Jabil Inc. ( JBL ) - a diverse electrical and manufacturing services company. What's so surprising is that this is despite that over the past five years JBL has crushed the returns not only the S&P 500 but also the Nasdaq-100 as represented by the Vanguard S&P 500 ETF ( VOO ) and Invesco QQQ Trust ETF ( QQQ ), respectively: