Q: What is the path forward for CLS . Still a buy or wait for earnings to come out? Would like your opinion on the big drop in natural gas prices? Thank you.
5i Research Answer:
We still like CLS for its overall growth potential, valuation and position assisting companies with AI products. Wd do not think it is a stock to own for a single quarter, however, and think it should have a three-year timeframe, at least. Its last quarter was very strong and business should remain solid for the upcoming report. Gas is at a multi-month low as inventories remain well above the 5-year average, and exports are still low as LNG facilities in Texas are seeing slow re-starts after the recent Hurricane. We would expect a bounce at some point, but sentiment has shifted in the short term, certainly.