- APH posted record quarterly revenue in Q4 for the second consecutive time and guidance calls for growth to pick up even more.
- The latest numbers suggest APH is out of the woods, but there are concerns recent growth may have been inflated by companies building inventories.
- Multiples are acceptable for a company growing at double digits, but not if growth starts to falter like it did not too long ago.
- Long APH seems warranted after the string of strong quarterly earnings, but unanswered questions make such a move harder than it looks at first.
For further details see:
Amphenol Corporation May Not Be Out Of The Woods Yet