Mad Money's Jim Cramer gives his stock blessing to Jabil Circuit after strong performance
A 5-year look at Jabil Circuit's stock performance. Quarterly earnings rose 76 percent.
Wake up and good morning. One of the greatest performing stocks of our era... that you've never heard of...
With those words, CNBC Mad Money's colorful stock commentator Jim Cramer capped off an impressive week for St. Petersburg electronics design/manufacturer Jabil Circuit. The company, with more than 100,000 employees, started the week with another strong earnings report. Jabil CEO Tim Main was interviewed Wednesday (watch the video) by Cramer with Cramer following up with The Street interview in which he could not gush enough about Jabil's prospects. He called Jabil a "good Foxconn" -- a reference to Jabil making key parts for juggernaut Apple (without Foxconn's bad worker reputation in China) and said Jabil is "a stock you buy and put away" for the long term. Watch The Street video interview with Cramer.
So let's cut to the chase... Are we starting to see a Tampa Bay-based corporation that's in the early stages of a quantum leap in growth and global sophistication? Is this an area-headquartered public corporation that's about to break out into the bigger leagues? Jabil recently landed on Fortune magazine's list of the world's most admired companies.
If you watched and listened to Jabil over the years (here's my coverage of Jabil's annual meeting in January), you'd witness the evolution of a finely honed manufacturing and (increasingly) electronics design company with a lot of global discipline. On the flip side, these are the talents much bigger corporations are always on the prowl to acquire.
It's time to pay more attention to this company.
-- Robert Trigaux, Business Columnist, Tampa Bay Times