CLS

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John Gorup
Mar 04, 2024 08:03 PM 0 Answers
Member Since Jul 2023
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Marty

Any thoughts on CLS?  Same space as SMCI but not getting the love.

John

John,

Celestica is a great company and has a quiet stock. It has run 350% in the past nine months, and that means someone is loving it.  I do not like the decelerating sales growth. However, that can change and price is the most important criteria. If you own it I see no sell signs. If you do not own it, then it is pretty tough to buy here, and that is why we embrace pullbacks.

This stock is like SMCI in more ways than just their product offerings. Both stocks have a heavy short interest, and that can be a good thing while it is trending higher. It can also be a bad thing if the stock falters.

 

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