July 15, 2008

Sanmina: High Risk, High Reward

Seeking Alpha has an article about Sanmina, saying that the stock is a bargain at current prices. From the article:

"The current stock price is under $1.10 (as of Monday's close) but Sanmina has $1.63 per share in cash. The company trades at a mere 0.07 price to sales with a $2.18 per share book value. It is no wonder that institutions own 83% of the float. Furthermore, insiders bought in February on the open market at $1.64 & $1.68 per share. Furthermore Institution Earnest Partners has increased its stake from 26MM to 35MM per SEC filing 7/10/2008."

No comments: