JBL - Jabil: Traditional Research Misses This Long Idea
GAAP rules allow non-operating gains/losses to obscure real profits. Investors can gain advantage from doing the diligence needed to assess true profits.
For example, this firm has consistently grown true profits over the past five years while net income has declined. It also provides key services to some of the biggest electronics firms in the world and pays executives for creating shareholder value. Despite these positives, the stock is priced as if profits will permanently decline. Jabil Inc. (JBL) is this week's Long Idea.
GAAP Results Mask JBL's True Profit Growth
Investors who