JBIL is trading at just 18 times trailing earnings (low 20's on a forward basis), yet the company is continuing to grow at a 30-35% pace.In addition, the management insists the Asian situation is helping them, not hurting them (because of their big Malaysian production facility).Seems to me JBIL is attractive at these levels if the growth holds up.
JBIL is definitely a best buy now according to the growth rate vs. PE. But, one thing is on everybody mind is that HOW MUCH THE ASIA MELTDOWN WILL AFFECT JBIL CUSTOMERS? If JBIL customers lose money, then JBIL will have less order from them, and that will affect profit and share price. With the recent huge gain by worldwide stock markets due to the stability of Asian financial situation, JBIL is certainly benefit and its price will definitely move up into mid $40. I still remember not long ago about 1 month, JBIL was trading at $30. What a great buy then.
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