Post by
retiredcf on Sep 16, 2024 6:47am
Assessment
CLS is now trading at 10.8x Forward P/E. CLS has dropped quickly along with other AI-related names. Fundamentally, CLS’s prospects remain highly attractive, the company is expected to achieve double-digit organic growth over the next few years given the tailwinds from AI. We think the recent decline is an overreaction to the macro environment, and the recent downturn may offer an attractive opportunity to add to the position here. We would be comfortable adding to CLS at the current price.(5iResearch)