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Jabil Circuit Inc. Message Board

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  • dpsimswm dpsimswm Mar 11, 2011 12:16 PM Flag

    Cramer Says Sell, I say ...

    i guess cramer was wrong...

    Jabil Circuit (JBL) - Cramers Says Stay Away

    Let me tell you, Cramer says stay away, but you could go with a covered call here and collect a nice profit on in-the-money calls. The April $19 call is selling for $2.00, which means you can buy today fo $20.22 and automatically sell for $21, making $0.78 per share. This is a 3.8% yield on investment over 36 days, or 39.11% annualized.

    The break-even on the trade is $19.44, but the downside risk is really the same as owning the shares outright. If shares trade below $19, you don't sell automatically.

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    • Koksuker I guess you are wrong

    • IMHO
      Cramer didn't say sell he said buy some now but don't buy if you can't stomach the drop to 18 it was an ignorant comment on a difficult for everyone, he's far from right all the time but I still respect him.

      JBL now bounced off that 19.80 range for a 3rd time with strong buying if it breaks upwards over that $23 level there is no over head resistance to $30

      Check the most recent analyst report from RBC who raised JBL to a $30 price target. last week
      very bullish report all across the board. also talks about JBL exposure to the iphone and ipad which most investors don't even know about.

      This company is incredibly undervalued

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