Q: Is this a massive buying opportunity opportunity for CLS? Should we expect it to bounce back irregardless of tariffs?
5i Research Answer:
It is of course a tough prediction. We think investors will eventually 'accept' tariffs, though they could set off a recession. But ANY good news on topic (such as 25% to 10%) would likely now spark a serious rally. Business is good, and the stock is cheap at 19X earnings. We do think long term buyers will be rewarded, but we cannot time anything here.