“Electronics distributor Avnet, Inc. (AVT $36 NYSE) is executing well. During its fiscal third quarter, the company earned $1.01 per share, beating analysts’ forecast by nearly 22%. Avnet’s recent acquisitions are bolstering revenue and enhancing its ability to deliver comprehensive IT solutions. Avnet is rapidly paring share count via share repurchases. The company’s fourth quarter revenue and EPS forecast of over $6.55 billion and $0.81 a share, respectively exceed analysts’ forecasts. At 9.2X-forward EPS and 20% premium to book value, Avnet shares are inline with value investors’ objectives. Buy Below $34.25. Sell Above $37.20. Stop-Loss: $21.50. Risk Rating: Average.”
- Sam Subramanian, AlphaProfit Sector Investors’ Newsletter, March 2013