What can I tell you? It has been a love-hate relationship with Avnet Inc (AVT).
Looking back at the notes of July 18, 2011, we saw continuing deterioration of AVT's price (then at 28.91). Soon after that date, on August 9 to be exact, AVT saw a new 52 week low at 23.69.
With good support at 25.00, it crossed above the 50 day moving average and had solid gains in the last four sessions despite an erratic and uncertain market behavior.
I am tempted to consider AVT a buy on a pullback between 26.25 and 27.50.
.
Showing posts with label Avnet Inc.. Show all posts
Showing posts with label Avnet Inc.. Show all posts
Sunday, October 09, 2011
Monday, July 18, 2011
Abandon the AVT Ship!
We have held our expectations a bit high for an early choice, Avnet Inc. (AVT).
Caught our eye on 6/5/08 at 30.33.
Resurfaced on our watch list on 10/17/10 for a chance to lower the average cost and buy it at 27.63. Overall, the average cost was 28.98.
Stock action for AVT has been less than desirable. I say, let's drop it and call it even.
Technically, the stock price has deteriorated from the highs on 5/12/11 of 38.00; at this point, trading at 28.91 I see no support level until it reaches 22.50, a possible scenario.
.
Caught our eye on 6/5/08 at 30.33.
Resurfaced on our watch list on 10/17/10 for a chance to lower the average cost and buy it at 27.63. Overall, the average cost was 28.98.
Stock action for AVT has been less than desirable. I say, let's drop it and call it even.
Technically, the stock price has deteriorated from the highs on 5/12/11 of 38.00; at this point, trading at 28.91 I see no support level until it reaches 22.50, a possible scenario.
.
Monday, March 07, 2011
Results for "Stocks to Watch - Oct 17, '10"
It has been a while, four and one half months to be exact, since I wrote about a stock watch list.
Unpredictable turn of events led to choppy markets and a more difficult environment for a stock picker.
For the period of 10/17/10 thru 3/4/11, this was our watch list and outcome:
Stock Symbol-------10/17/10------------------3/4/11
AVT------------------27.63-------------------34.18 (up 23.71%)
STO------------------22.08-------------------27.67 (up 25.32%)
WATG----------------10.07--------------------6.85 (down 31.98%)
The outcome was not so good, WATG has been on a slide and was the only pick that kept the average returns down, bad choice.
Our average gain for this period was 5.68% while the S&P 500 rose about 12.32% in the same stretch of time.
We'll sharpen up our pencils and try to do better.
.
Unpredictable turn of events led to choppy markets and a more difficult environment for a stock picker.
For the period of 10/17/10 thru 3/4/11, this was our watch list and outcome:
Stock Symbol-------10/17/10------------------3/4/11
AVT------------------27.63-------------------34.18 (up 23.71%)
STO------------------22.08-------------------27.67 (up 25.32%)
WATG----------------10.07--------------------6.85 (down 31.98%)
The outcome was not so good, WATG has been on a slide and was the only pick that kept the average returns down, bad choice.
Our average gain for this period was 5.68% while the S&P 500 rose about 12.32% in the same stretch of time.
We'll sharpen up our pencils and try to do better.
.
Sunday, October 17, 2010
Stocks to Watch - October 17, 2010
Watch list for October 17, 2010
AVT-----------27.63
STO-----------22.08
WATG--------10.07
AVT distributes electronics, STO is a Norwegian oil and gas company, WATG is a Chinese auto parts manufacturer.
We'll be checking the performance of these picks in a few weeks.
.
AVT-----------27.63
STO-----------22.08
WATG--------10.07
AVT distributes electronics, STO is a Norwegian oil and gas company, WATG is a Chinese auto parts manufacturer.
We'll be checking the performance of these picks in a few weeks.
.
Thursday, June 05, 2008
AVT Bounces Back
Avnet Inc. (AVT) appears to have enough bouncing power these days to recover from the April 15th 12% drop. Yesterday's closing price of 30.33 could be viewed as a "dead cat bounce", however, the decisive break above the 50 DMA could signal a recovery.
Avnet Inc. (AVT), together with its subsidiaries, distributes electronic components, enterprise computer and software products, and embedded subsystems primarily in Americas, Europe, the Middle East, Africa, Asia, Australia, and New Zealand.
Some of the positive aspects are:
Avnet Inc. (AVT), together with its subsidiaries, distributes electronic components, enterprise computer and software products, and embedded subsystems primarily in Americas, Europe, the Middle East, Africa, Asia, Australia, and New Zealand.
Some of the positive aspects are:
- Volume at approximately 2 million average shares/day
- Reasonable book value
- P/E of just under 10
- Current price at 32% below the 52 week high
- Good fund ownership, increasing interest for the past 4 quarters
- Earnings have risen consistently since '02
This stock could continue its upswing and bring good returns in the next few months.
.
Subscribe to:
Posts (Atom)