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  5. CLS: CLS had almost doubled in a month. [Celestica Inc.]
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Investment Q&A

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Q: CLS had almost doubled in a month.

Do you think this is justified or unmitigated exuberance?

Sheldon
Asked by Sheldon on March 07, 2024
5i Research Answer:

Canadian investors have adopted CLS as an AI-auxillary play, of which there are few in Canada. It has executed well, is growing fast, and it has a strong balance sheet. At 16X earnings we would still consider it reasonably valued, and would not call it exuberance. 

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