JBL - Sanmina: A Balancing Act

2024-04-16 15:56:00 ET

Summary

• Sanmina Corporation has seen improvements in margins and earnings growth through share buybacks, creating shareholder value.
• The company operates as an integrated manufacturing solutions provider, serving various OEM segments.
• While the near-term outlook is cloudy, the company's long-term potential and non-demanding valuation make it an attractive investment opportunity.

Shares of Sanmina Corporation ( SANM ) have seen some improvements (notably in terms of margins) lately. While sales growth has been a bit underwhelming, it is these margin gains and continued buybacks which have been long-term drivers to create shareholder value....

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