12:13 pm Tech Data (TECD)
Tech Data (TECD) is rallying 6% today after reporting Q1 (Apr) results. In case you're not familiar, Tech Data is one of the world's largest wholesale distributors of technology products and services. It enables 115,000 resellers to efficiently and cost effectively support the technology needs of end users in more than 100 countries. TECD is large with nearly $28 bln in revenue last year but it's a very thin margin business as you might expect. Operating margins are in the sub-1% range.
TECD serves as a link in the technology supply chain by …More