Boy I sure hope you are right but like you said there was no reason that it dropped the last time. My first inclination when I see predictions of 30 and 40 per cent increases to immediately sell the stock because it usually means that newcomers are jumping into the fray. I really hope your on the money because right now I am staying with PLXS. But then I you read back a few messages I also said that PLXS would not hit 30 this year, so I'm certainly no expert. Good Luck and Happy Stock Hunting
I've owned Plexus since '94 and have seen unwarranted growth along with unfair decline in stock price. At the 10,000 foot level viewpoint, $30-$35 isn't all that much a stretch when reviewing the fundamentals and history.
At times, I felt that analysts were unfairly paralleling Plexus with Jabil. Now, after a recording its own history of new customer acquisition and rebounding stock price, I believe analysts are finally looking at Plexus in its own (deserving) light for a change.
That's why I see this moving well over $50 as FY'99 progresses.
I also have owned Plxs for quite a number of years and couldn't understand why so many owners panicked last year. I found it to be a very good investment and I will continue to own it I also suspect that it will increase in price, though plexus does tend to split when the price goes too high as they have at least twice in the last ten years. Again good luck and I hope you make a ton on money on this stock.