Synnex Corporation (SNX) shares have taken a hit over the last two weeks. The primary reason is a lowered outlook and an important change in the earnings trend:
Of course, many declines in profitability are temporary. If that is the case here, the shares of Synnex could potentially be undervalued in the future should the shares continue to slide. When we look at the long-term outlook of Synnex it is difficult to come to a solid conclusion. But we can be certain of one thing: there are near-term troubles, namely, next quarter's margins should be squeezed. Management, as it noted on the most recent conference call, believes it will be temporary as production from vendors and demand...
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