Investment Thesis
Jabil Inc. (JBL) delivered a solid quarter with double-digit growth in its top and bottom lines. While global economic uncertainties may present some near-term issues, we think Jabil is well-positioned to grow its business in the long-term. The company’s acquisition of Johnson & Johnson’s (JNJ) manufacturing sites will enable it to grow in the field of healthcare in the future. Jabil is also well-positioned to capture growth in 5G/wireless, cloud, and automotive markets. Its shares are also trading at a slight discount. We think a pullback will create an