Ingram Micro: Bland but Better
By William Trent, CFA od Stock Market Beat
According to Yahoo! Finance:
Computer products distributor Ingram Micro Inc. (IM) on Tuesday said third-quarter earnings rose 21 percent, buoyed by solid performances in North America and other regions.Sales were $7.51 billion, up 8 percent from $6.96 billion posted in the year-ago period.
Since we believe most investors still view tech as a double-digit growth industry, eight percent is slowish. But it is lots better than the 4% at leading reseller CDW (CDWC) or the meager growth coming out of tech industry bellweathers IBM and Xerox. Unfortunately, it seems to us that Ingram is the exception this quarter rather than the rule. The author may hold a position in the securities discussed.
A current list of the author's holdings is available here.
http://stockmarketbeat.com/blog1/
According to Yahoo! Finance:
Computer products distributor Ingram Micro Inc. (IM) on Tuesday said third-quarter earnings rose 21 percent, buoyed by solid performances in North America and other regions.Sales were $7.51 billion, up 8 percent from $6.96 billion posted in the year-ago period.
Since we believe most investors still view tech as a double-digit growth industry, eight percent is slowish. But it is lots better than the 4% at leading reseller CDW (CDWC) or the meager growth coming out of tech industry bellweathers IBM and Xerox. Unfortunately, it seems to us that Ingram is the exception this quarter rather than the rule. The author may hold a position in the securities discussed.
A current list of the author's holdings is available here.
http://stockmarketbeat.com/blog1/
posted by douglas mcintyre at 9:21 AM
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