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observer32
1 Comment
Sanmina-SCI: A Bargain at Current Prices [view article]
"8 times earnings"? I'm sorry to be blunt, but that's rubbish. Sanmina hasn't any earnings - it made a loss in the most recently reported quarter. Its guidance for 3rd quarter is a "non-GAAP" earnings of 5 cents/share, but what does that mean, exactly? I know what GAAP net income is. I don't know what "non-GAAP" earnings are. GAAP are there for a reason. If it's not GAAP, it's nonsense. "non-GAAP" earnings for the MRQ were also positive, and GAAP net income was negative, i.e. a loss not a profit. Jul 21 12:21 PM