TD Synnex: Too Cheap To Ignore

Individual Trader
17.84K Followers

Summary

  • TD SYNNEX trades with a forward sales multiple of 0.16.
  • Forward non-GAAP Earnings growth is in the double-digit range as momentum continues to the fore.
  • We expect the market to reprice this stock shortly, especially if earnings revisions continue to be dialed up.

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Intro

The new entity TD SYNNEX Corporation (NYSE:SNX) (Information Technology) has now two reported quarters under its belt since the union of Tech Data and Synnex, which took place in September of last year. Mergers

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This article was written by

17.84K Followers
Individual investor with a keen interest in deriving income from investment setups. We do this by buying undervalued profitable stocks with strong balance sheets & minimal debt. Furthermore, when the opportunity arises, we like to write calls against our positions to bring in additional income. Risk management is controlled through position sizing & the use of trailing stop losses over time.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in SNX over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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