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Molex Incorporated Message Board

  • bylocellhigh bylocellhigh Jul 28, 2011 4:43 PM Flag

    Senior anaylst JP Morgan O'brien

    Mr. O'Brien: The company I like best is Molex, and I like Molex best because they have nice exposure to what I see are some of the faster-growing end markets for connectors like smartphones and tablets. They have good exposure to automobiles, which actually should be a pretty decent place to be aside from the disruptions faced by the Japanese OEMs, again because of content growth.
    Cont..
    To sum it up, I like them firstly because I think they have good exposure to some nicely growing end markets. And then secondly, they actually have the lowest margins in the industry. They're running at 12% right now, versus TE at 13% and Amphenol at 20%. I see some good margin upside as sales grow, and I believe they capture about 25% to 30% leverage on incremental sales dollars. Additionally, from a valuation standpoint, they are clearly trading at a discount to their peers, a substantial discount.

    I bought today after watching it trade for a while technically it looked right for first entry. After reading this article investopedia and earnings fundamentally looks
    good.
    GL.

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