Anyone who believes every single thing that Cramer says deserves to lose money.
As far as Avnet's Results go,I was not very encouraged but what I saw.
In particular,the lack of Strong Future Growth Guidance was for me most disheartening.
If I had to recommend to any investor,I would say stay on the sidelines atleast tilll the European elections(France and Greece) are decisively resolved in the first week of May.
I think comparative results from industry would have been worst than those of Avnet's, considering the supply chain problems on hand, which is why people have congratulated it for decent performance. When analysts see company performing well in the area (i.e. supply chain) in trouble in the economies, they might well compromise on current performance statistics in favour of long term potential.
With recent acquisitions by American companies (specially logistics for e.g. acquisitions made by Fedex) in the Europe and prediction by analysts that investors are eyeing few other, I am optimistic about European markets this year. This optimism is specially existent in the logistics sector and therefore in the supply chain too. All these developments might be good kick starts for growth in Europe which is already a mature market.
What was surprising is the positive response Avnet got for its results in spite of a decline in revenue. Analysts congratulated the company and Jim Cramer featured CEO Rick Hamada on Mad Money (again). At any rate, I'm inclined to believe the worst is over as Avnet and Arrow have a very braod view of both supplier and end-customer inventories.
It is good to hear that most of the issues the supply chain had from a tumultuous 2011 are almost back to normal. It is not surprising that companies are going to report slight declines in sales and profits. With the Euro crisi still going on and other global uncertanties, 2012 could still garner a slow year.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Archived Dialogues
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Euro-Crisis: What It Means for High-Tech Firms Join EBN Editor in Chief Bolaji Ojo and Contributing Editor Jennifer Baljko on Thursday, July 12, at 10:00 a.m. EDT for a Live Chat on high-tech and Europe's economic difficulties.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.
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