What Tampa Bay firm keeps reinventing itself as a global competitor?
Wake up and good morning. What major Tampa Bay company makes products used in wind pitch controllers, solar panels and in the medical device repair and manufacturing industry, where it designs equipment including patient monitoring systems, X-Ray machines and relief bands for motion sickness?
Congratulations if you even considered St. Petersburg's Jabil Circuit. To say Jabil keeps reinventing itself, pushing into new markets and exiting old ones, is an understatement. That's why the new Barron's magazine has this new article out headlined, appropriately, The Reinvention of Jabil Circuit.
Things have been good lately for Jabil, as evidenced by this St. Petersburg Times short story and interview earlier this month with Jabil CEO Tim Main. The 2-year stock chart above certainly suggests stability and some momentum coming out of the recession.
The Barron's story suggests that, if Jabil can hit on all cylinders, then its stock price may be on the move into the $20s. We'll see.
Happy New Year.
-- Robert Trigaux, Times Business Columnist