The company is diversifying revenue sources based on its capabilities, a sensible approach. Telecom revenue was up significantly for the quarter, and there are another couple of businesses that are performing well, but datacom is suffering from price erosion. The company has accelerated its cash flow generation and we are quite impressed with that, so […]
Entries Tagged as 'FN'
May 14th, 2018 · No Comments
November 15th, 2017 · Comments Off on Fabrinet Deserves A Higher Multiple
The company’s shares sell for very low multiples, and we think this is at least in part unwarranted. It is perceived as a low margin contract manufacturer exposed to the vagaries of the optical communications market. But what we find is a company with solid growth and earnings instead. Source: Fabrinet Deserves A Higher Multiple […]
September 11th, 2017 · Comments Off on Fabrinet Deserves A Higher Multiple
A financially sound and cheap contract manufacturer hobbled by disappointing quarterly guidance. We think the sell-of is a little overdone. It seems to us investors are overlooking the share buyback program and the coming considerable reduction in capex. Source: Fabrinet Deserves A Higher Multiple – Fabrinet (NYSE:FN) | Seeking Alpha