Sanmina: Masked Margin Weakness Likely To Unravel (Archive)
Masked CPS strength hides mounting IMS margin pressure and inflation-driven cost headwinds.
This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.
Elevator Pitch
- Sanmina has had strong growth but margins weakness is masked.
- A higher than expected PPI print is likely to weigh on the stock and SANM is likely to see margin declines in the next quarter.
- However growth is still strong and technical analysis suggests a neutral outlook, so I suggest a 'hold'.
Read the full article here.
Disclosures and Disclaimers
Past performance ≠ future results. Not investment advice. See full Disclaimer.
Comments ()