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Sanmina-SCI: A Bargain at Current Prices |
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| Jul 15, 2008 03:53 PM UTC |
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Tracked Blogger
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Via Long Investment Ideas from Seeking Alpha:
Sanmina-SCI (SANM) is one of the most undervalued stocks trading on the NASDAQ market. Currently trading at under 8 times earnings, a consensus 2008-2009 YOY earnings growth of 53%, and a PEG ratio of approximately one third the industry average, SANM is a steal at this level. Sanmina-SCI has partnered with Lockheed Martin (LMT) to bid on a $3.5B contract to build the Army's next-generation intercom system. Sanmina already provides communications systems for Army helicopters and Marines fighting in Iraq, and the Sanmina/Lockheed team has a 90% Chance of winning the contract. The Army has not said when it will announce the award, but it had been expected in June, per the Huntsville Times. I believe that the contract is due any day, and will likely be announced prior to Sanmina's earnings call next week. 
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