| TOP PICK | 7.210 | Robert McWhirter | Electronic manufacturing services continues to turn around. Revenues were up 14%. 13.5 P/E based on estimated 08 earnings. | 2008-04-08 | |
| SELL | 5.550 | Norman Levine | Outsourcing electronics has turned out to be a horrible business. Too much competition. | 2008-01-07 | |
| DON'T BUY | 5.680 | Robert Floyd | (Market Call Minute.) Has avoided the stock. | 2007-12-11 | |
| DON'T BUY | 6.630 | Robert McWhirter | The whole industry still suffers from over capacity. Main challenges are from Mexico. Ranks #253, middle of the pack, and earnings have not changed in the last 90 days. Earnings are expected to from $0.23 to $0.47. | 2007-11-07 | |
| DON'T BUY | 6.290 | Michael Sprung | Has not been showing up on his screens as a value stock. There was some rumour of M&A activity going to take place, but he's not sure if this is true or not. Not a reason to hold the stock. Expensive from an earnings perspective. | 2007-08-31 | |
| SHORT | 5.740 | Derek Webb, CFA | Has been Short this one for a long time. Doesn't like any of the tech builders such as this one and Flextronic (FLEX-Q). | 2007-08-28 | |
| WATCH | 5.790 | Brian Acker, CA | Has had a slight positive earnings revision. There has to be more write-offs on the balance sheet. As they continue to write off, it will be more positive for the company. His model price is $8.30. The model price has come down appreciably but the mean estimate is still $.16 for 07 and $.50 for 08. | 2007-08-22 | |
| DON'T BUY | 5.830 | Michael Sprung | A technology company and is pretty far outside of his radar screen. Has a very high multiple. Too expensive for him. | 2007-08-10 | |
| SELL | 6.180 | Chyanne Fickes | Has never been one of her favourites. If they were ever to do well, now would be the time. Price cutting in this area has been horrendous. Margins are razor thin. | 2007-08-02 | |
| WATCH | 6.270 | Bill Carrigan | Has been going down for a long time, but news has been getting better. Would wait until you are sure it has made its change. Let it trade up and then make a higher low before you buy. | 2007-07-30 | |
| DON'T BUY | 6.770 | Peter Hofstra | This is an industry that needs to consolidate further. Very low margin business. | 2007-07-09 | |
| SELL | 6.730 | Chyanne Fickes | She sees no reason whatsoever to own the stock. Net margin for 2007 was .04%and are now trading at a 44 multiple. | 2007-07-05 | |
| DON'T BUY | 7.170 | Laura Wallace | Have not been able to generate earnings. Looking at 08 for expected earnings for reasonable multiple, but they have not been able to deliver in the past. | 2007-05-23 | |
| DON'T BUY | 7.160 | Norman Levine | Has found over time that contract manufacturing is not a good business because of the squeeze by customers on pricing. | 2007-05-18 | |
| SELL | 7.520 | Jean-Francois Tardif | Have had bad results for about 6 or 7 years in a row. In anything to do with manufacturing, margins are being compressed because of Asia and China. | 2007-04-27 | |
| HOLD | 7.350 | Robert Floyd | Still have issues. They have to fill the plans in order to maintain the slim margins that they get on the products. Was oversold and could trade back up to the $8-$9 area. | 2007-04-19 | |
| SELL | 7.250 | Michael Sprung | Analysts are expecting earnings in the area of $0.08 to $0.10 this year. At the current price, this is an expensive stock. | 2007-04-11 | |
| DON'T BUY | 7.340 | Robert Floyd | Getting down to a point now where it represents a bit of value. Doesn't like the business that much because it is such as skinny business. | 2007-02-13 | |
| DON'T BUY | 7.190 | Norman Levine | Outsourcing business is a poor business and they are executing poorly in a poor business. | 2007-02-12 | |
| DON'T BUY | 7.630 | Veronika Hirsch | Haven't managed to have a good year for a long time. Can't see when they will get things turned around. | 2007-02-07 | |
| DON'T BUY | 7.100 | Brian Acker, CA | The balance sheet is far too big for the company. What it is saying is that there have to be substantial write-offs in the future. He would wait for that. | 2007-02-01 | |
| Comment | 6.980 | Laura Wallace | Dropped almost 25% today. Announced terrible earnings. Could trade down to its tangible book value in the $5 range. Has major issues facing it. Tech sector is starting to recover, but the communications sector outlook is not as good. Would not sell today, but would wait 2 or 3 weeks and evaluated it then. | 2007-01-31 | |
| DON'T BUY | 6.980 | Norman Levine | They are in the outsourcing, which is a bad business. You are better to be with an outsourcer. They have no control of the product or price. | 2007-01-31 | |
| DON'T BUY | 8.950 | Norman Levine | Being in the outsourcing business is not a good idea. There is no control over pricing, you don’t design or sell your own products. | 2006-12-20 | |
| DON'T BUY | 9.330 | Ian Ainsworth | Has been a disappointment. Change of CEO’s was a danger signal. | 2006-12-14 | |
| DON'T BUY | 10.890 | Norman Levine | It is much better to be doing the outsourcing than to be the outsourcer. No control over the product or design. | 2006-12-05 | |
| HOLD | 10.930 | Ian Ainsworth | Problem is that it can’t seem to earn enough money on its billion of dollars of sales. Needs more margins in Mexico and eastern Europe. Can earn a lot if it gets its act together. | 2006-11-09 | |
| BUY | 13.310 | Chris Smith | Earnings are coming oat very soon. Has finally shrunk itself down to its size and gotten out of many of the high cost, geography that they were in two. They can now start to increase their margins. | 2006-10-25 | |
| Comment | 12.930 | Rob Callander | Has really turned around. Continuing to manage their business well. Managing their costs, and doing a deal with Microsoft on their Xbox. Expects revenues next year will be up quite significantly. Suspects there’s still some upside room, but he doesn't follow the stock closely. | 2006-10-23 | |
| DON'T BUY | 11.590 | Ross Healey | The tech stocks are too expensive. This is one of the few that it appears value seems to be coming back in again. The whole group is overvalued. | 2006-09-18 | |
| DON'T BUY | 11.590 | Irwin Michael, B.Com, MBA | Doesn't own any high-tech companies because they are not fundamentally cheap. His style is to buy a Toonie for a Loonie. | 2006-09-18 | |
| DON'T BUY | 11.400 | David Burrows | Manufacturer of electronic devices on a contract basis. Very low margin and extremely competitive. Not a lot of room for error. Have been going through restructuring and some of it looks like it is paying off. | 2006-09-13 | |
| DON'T BUY | 10.570 | Peter Hofstra | Not a big fan of the Electronics Manufacturing Services group, particularly at this point in the market. If you can buy a leader with a proven history of execution, that is were you should start. | 2006-08-29 | |
| DON'T BUY | 10.150 | Robert McWhirter | This sector has too much capacity. Estimates have been shaved by 8% in the last 90 days. Expecting slower spending by consumers and industry next year which would be a negative for them. | 2006-06-21 | |
| SELL | 9.460 | Norman Levine | Wouldn't buy stocks that are going down. This one has been going down for a long time. | 2006-06-13 | |
| DON'T BUY | 10.870 | Laura Wallace | Has been struggling for the last three years with the collapse of the tech boom. Still speculative. They look to be making the turn, but it's early. | 2006-05-17 | |
| HOLD | 11.920 | Brian Acker, CA | Likes this one. He has a model price of $17. Has positive fundamentals. It just needs some good news. | 2006-05-10 | |
| HOLD | 12.160 | Ian Ainsworth | Good balance sheet. The business is going through a real tough transition. A lot of their manufacturing was in high cost areas so they are moving it all over to Asia and Mexico. Restructuring will probably be finished by the 3rd quarter. Demand has been flat. Sound optimistic about the next quarter. | 2006-05-09 | |
| DON'T BUY | 12.280 | Ben Rogoff | This is an area that he stays away from. This industry is cutthroat. Work on razor thin margins. | 2006-04-24 | |
| DON'T BUY | 11.430 | Ben Stadelmann | This is a bona fide contrarian play. It's on their watch list. Doesn’t know how it’s going to play out just yet. One concern is that they have a fair amount of debt on the books and competition is emerging out of China. He'll look for the strongest in the weak sector and go for that one. | 2006-01-30 | |
| HOLD | 11.800 | Ian Ainsworth | There is another restructuring coming. Their forecast is not too rosy. A lousy business. Moving into other areas which could turn out better. | 2006-01-26 | |
| DON'T BUY | 12.280 | David Baskin | The electronic manufacturing service area in general is plagued by overcapacity and following margins. It's tough to make a buck in this sector. Dead money for now. | 2005-12-19 | |
| DON'T BUY | 12.420 | Ross Healey | Thinks contract manufacturing is past its time in North America. Expect this to move increasingly to India and China. | 2005-12-13 | |
| BUY | 11.210 | Ian Ainsworth | They're a shareholder and feels they will be adding to the stock at this price. You have to look out to next year and their order rates. Its end markets are just not growing. Would like to see some new customers come in. Expect in the next year they will start to see some better order numbers. Cheap. | 2005-11-16 | |
| SELL | 11.510 | Bill MacLachlan | Can't see them making a turn around soon. Not only is there a lack of sales growth and visible earnings, they are still paying a price for past sins. | 2005-11-04 | |
| SELL | 10.870 | Robert McWhirter | A very competitive business. Their end customers haven't come swinging back. There is still huge overcapacity in the industry. The stock ranks 550 out of 700 (bottom 3rd.) in his quant model. Earnings estimates have gone down by 15% in the last 90 days. | 2005-10-27 | |
| DON'T BUY | 11.180 | David Baskin | There is huge excess capacity out there. Margins just keep getting compressed. It's very hard for these guys to make a buck. | 2005-10-24 | |
| BUY | 12.670 | Pierre Bernard | The industry has been a big disappointment. Going through a readjustment. Has beeen neglected. Not expensive. | 2005-10-17 | |
| DON'T BUY | 14.210 | Norman Levine | Used to like them and the business they were in, but has stopped liking the business. The problem is, they have no control over their product. There is a constant squeeze on margins. | 2005-07-26 | |
| TOP PICK | 15.750 | Ian Ainsworth | Dropped a lot and at this price, it is pretty well washed out. Continued to retreat despite executing on its plan reasonably well. The problem is that some of its end customers, such as Sun Microsystems (SUNW-Q) and IBM (IBM-N) have reported weak sales. A lot of their business model deals with flow through of hardware. 55% of their business is now done out of Asia. | 2005-05-27 | |
| DON'T BUY | 14.260 | Laura Wallace | Expects it to be in a very narrow trading range until there is a significant pick up in technology spending. Continuing to work on its cost controls and earnings were a little bit above expectations. Still looks expensive relative to its growth prospects. | 2005-05-02 | |
| DON'T BUY | 16.480 | Ray Steele | Keen on the tech sector because of the good values. This one is further removed from the food chain, so there are better things to invest in right now, such as Intel (INTC-Q) or Dell (DELL-Q), Cisco (CSCO-Q). It will do well later on in the cycle. | 2005-03-17 | |
| DON'T BUY | 16.900 | Peter Hofstra | Considered a safe way to play technology. A very low margin business. When the tech industry goes down, it is hit as well. They are shying away from the EMS sector. The sector has had to go through a dramatic restructuring. Prefers to be with the innovators, not the producers. | 2005-02-21 | |
| WAIT | 16.960 | Don Vialoux | 5 year chart shows the stock's clearly in a downward trend. Not going to change in the near future. 1 year chart shows a nice recovery in the last 3/4 weeks. A recovery in a bear market and an opportunity to get out. Information technology sector has a terrible time from the end of Jan to the end of May. Earnings picture is starting to recover. Wait until Sept to buy. | 2005-02-10 | |
| DON'T BUY | 16.150 | Laura Wallace | Thinks the stock is looking for a bottom here. Numbers on the recent results were disappointing on the face of it, but the operating earnings were not too bad. Their problem was the "one time" restructuring charges that they took. Growth outlook is not terrific yet. Need to see a big resurgency in tech spending. | 2005-01-31 | |
| DON'T BUY | 15.900 | David Cockfield | In a very tough area. A lot of competition. Some of the numbers that have come out have not been good. Would prefer participating in them through Onex. Dead money. | 2005-01-21 | |
| BUY | 15.900 | Ian Ainsworth | The tail on the end of the dog. If the industry is suffering, Celestica will suffer more. Low margin business. Going through a real struggle to get its margins back into line. Good level to buy at. | 2005-01-20 | |
| DON'T BUY | 16.060 | Michael Smedley | An enormous, very low margin business. Not his kind of company. | 2005-01-19 | |
| WEAK BUY | 16.450 | Bruce Campbell | Has been in a slow decline. Its customers are Sun Microsystems, IBM, Hewlett Packard, etc. A nice cross section of the North American computer section, but It just doesn't seem to be happening quick enough. Probably a trading range from $16 to $20 so treat as a trading stock. | 2005-01-04 | |
| HOLD | 16.910 | Bruce Campbell | Mixed signals. A couple of competitors guidance warned that the next couple of quarters might be a llittle soft. Hard to get excited about the stock. | 2004-12-23 | |
| DON'T BUY | 17.040 | Paul Harris, CFA | Slowly being re-structured. Very low margins. More and more, manufacturers are shoving the inventory burdens off to them. | 2004-12-16 | |
| DON'T BUY | 18.600 | Jean-Francois Tardif | Not a fan. In reality, it is a commodity play and they have a lot of facilities outside of China which will be given tough competition. Expects they will have more re-structuring. A low margin business. | 2004-12-03 | |
| BUY | 18.000 | John Sinkins, CFA | Leveraged to what is going on in the communcation industry. Those stocks are starting to show some resiliance. Not a bad time to look at this stock. | 2004-11-29 | |
| DON'T BUY | 17.790 | Norman Levine | Not a lot out there to make this stock go. Has vastly under performed a lot of their peers. Excess inventories in the tech sector. | 2004-11-23 | |
| DON'T BUY | 18.750 | Laura Wallace | Looks very expensive. Latest quarterly earnings were above expectations. Will continue to suffer until there is a big, sustained increase in tech spending. | 2004-11-18 | |
| DON'T BUY | 18.680 | David Burrows | Tech group started to rally at the end of Aug. This company has not participated. Despite predicted good revenue growth, the gross margins are just not there. | 2004-11-17 | |
| BUY | 17.230 | John Zechner | Relatively positive on this company. Worries that half of their business is still in the telecommunications business. Did a great restructuring job. | 2004-11-11 | |
| DON'T BUY | 17.540 | Ray Steele | A later cycle beneficiary of increased demand for technology products. Too early. | 2004-11-03 | |
| DON'T BUY | 15.790 | Michael Sprung | Earnings are still being estimated to being north of $2 which would make the multiple look reasonable. Hasn't been doing well in spite of their customers successes. Less risk owning it through Onex. | 2004-10-21 | |
| DON'T BUY | 15.990 | Laura Wallace | Has been a very disappointing performer. Outsourcers are being squeezed on margins. | 2004-10-20 | |
| BUY | 15.790 | Ian Ainsworth | Suffering because of weakness in the tech sector and because they reduced their forcasts for the next couple of quarters. Earnings potential makes the stock look cheap. End markets have to pick up. | 2004-10-19 | |
| DON'T BUY | 16.290 | Robert McWhirter | Company has revised sales estimates down by 10% and earnings estimates substantially. Some cocern on end customers' inventory. | 2004-10-08 | |
| SELL | 17.000 | David Baskin | Had bad news on a warning which killed the stock. For a tax strategy, sell this and buy some Onex. If this goes up, Onex will go up and in the meantime you have a tax loss. | 2004-10-04 | |
| DON'T BUY | 16.050 | Gordon Higgins, CA, MBA, CFA | Fundamental problems. A turn around story, so be careful. | 2004-09-30 | |
| DON'T BUY | 15.830 | Ben Stadelmann | Not a fan of the stock or the space they are in. The damage has been done and if you own, consider your tax situation re selling or holding. | 2004-09-16 | |
| BUY | 19.250 | Reza Samahin | Very disappointing in the last few weeks. Should do well. Its end markets are doing well. Margins are very weak right now. High inventory is creating problems but this should be cleared up in the next few quarters. Valuation is very compelling. | 2004-08-19 | |
| DON'T BUY | 18.820 | Ross Healey | Short-term outlook is bleak. His FMV is substantially lower than the current price. Has a fair amount of cash on the balance sheet. Would take another look at around $11/13. | 2004-08-16 | |
| WEAK BUY | 22.860 | Mark Jackson, CFA | A very low-margin business. Valuation is high. However, you will see some margin improvement and decent revenue growth. | 2004-07-27 | |
| BUY on WEAKNESS | 24.890 | Bruce Campbell | A safe way to have some tech exposure. Has been disappointing in its turnaround. Might buy a couple of $'s lower. | 2004-07-05 | |
| DON'T BUY | 26.230 | Norman Levine | In the world of outsourcing, this company has been a major disappointment. Doesn't see anything to change this. | 2004-06-29 | |
| BUY | 26.500 | Reza Samahin | Doing quite well. Have done a lot of restructuring. There is an opportunity for operating margins, which have been depressed, to come in line with the group at about 4/5%. Trading at only a 20 multiple. | 2004-06-24 | |
| DON'T BUY | 22.230 | Peter Arender, CFA | Doesn't think the stock will be going up any time soon. Others in the sector have been improving their earnings but this one will be later. | 2004-04-21 | |
| DON'T BUY | 21.560 | David Burrows | Produce goods for multiple manufacturers. Only going to get more competitive. Stay away. | 2004-03-31 | |
| DON'T BUY | 21.390 | Rob Callander | A tough business. A low-margin business. Will be a while before he turns around. | 2004-03-29 | |
| HOLD | 21.480 | Ian Ainsworth | Feels the stock is going through a transition. Demand is turning in the technology space for large number of their products. Should see growth in revenues. | 2004-03-26 | |
| DON'T BUY | 20.250 | Norman Levine | The tech sector is highly overvalued. | 2004-03-22 | |
| DON'T BUY | 23.780 | David Cockfield | Owns Onex instead. Have been disappointed with some of the events. They should be getting more business from the US. Very concerned. | 2004-03-05 | |
| DON'T BUY | 23.840 | Bob Stodgell | Multiples are getting a little better. Not attractive at this level. Could be a trade. | 2004-02-26 | |
| DON'T BUY | 22.950 | Jonathen Wellum, B. Comm, B. Sc | Have had a tough time. But a lot of capacity that didn't have a lot of value. Limited exposure in the far east. Have a lot of cash. | 2004-02-20 | |
| DON'T BUY | 23.380 | Gavin Graham | Did own. Not tech stock, its manufacturing. Been a bad investment. Dont like long term fundamentals. | 2004-02-03 | |
| DON'T BUY | 26.400 | Mike Weir | Tough to get a really good margin in this business. | 2004-01-26 | |
| DON'T BUY | 27.840 | Ted Macklin | Very good company with a good balance sheet. IBM, a good customer, came out with very good numbers. There are still a lot of their customers that are weak. Expect them to lag on the upturn. | 2004-01-19 | |
| BUY | 26.470 | Paul O'Neil | The only electronic manufacturing service company that had a down year last year. Could be said for a very large year this year. Expects it to go a lot higher. | 2004-01-16 | |
| DON'T BUY | 23.800 | Gavin Graham | Margins are getting squeezed by the manufacturers. Well-managed company. | 2004-01-14 | |
| DON'T BUY | 22.440 | Laura Wallace | A tech oriented stock that didn't do very well last year. Very dependent on out sourcing. | 2004-01-07 | |
| BUY | 20.000 | John Sinkins, CFA | At a good price. A high-volume, low-margin business. IT and telecom spending should increase in 2004 and large companies will be out sourcing more. Revenue and earnings should improve. | 2003-12-29 | |
| DON'T BUY | 18.700 | David Burrows | Has had a very difficult time relative to its sector. | 2003-12-03 | |
| DON'T BUY | 19.430 | Ross Healey | Fair market value is way below the current price. The earnings dollar coming through doesn't rate the current price. | 2003-11-28 | |
| DON'T BUY | 18.600 | Brian Acker, CA | Earnings have been a challenge. Model price is around $7.40. | 2003-11-20 | |
| DON'T BUY | 17.410 | Glenn Paradis, BA, CFA | Seems to be the standout in this industry as having the biggest problems. There is still a lot of excess capacity. No turn around anytime soon. | 2003-10-24 | |
Experts that have talked about Celestica Inc
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