Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s. This week we’ll take a look at:
SYNNEX Corporation (NYSE: SNX)
Synnex Corp is a provider of wholesale IT integration, distribution, and outsourcing services. The company operates two business segments: technology solutions and Concentrix. Technology solutions, the larger segment by revenue, resells and distributes peripherals; IT systems, including data center servers and storage solutions; system components; software, networking, communication, and security equipment; consumer electronics; and complementary products. Concentrix offers end-to-end business services focused on consumer engagement and process optimisation. Clients include resellers, retailers, original equipment manufacturers, and financial and insurance institutions. Most of the firm’s revenue is generated in the United States of America.
A quick look at the price chart below for Synnex Corp shows us that the stock is up 26% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 7.27, which means that it remains undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in Synnex Corp include:
Cliff Asness – 980,622 shares
David Einhorn – 273,200 shares
Chuck Royce – 61,408 shares
Joel Greenblatt – 27,160 shares
Ken Griffin – 13,084 shares
John Hussman – 10,000 shares
Jim O’Shaughnessy – 7,324 shares
Israel Englander – 7,068 shares
Jeremy Grantham – 6,838 shares
Paul Tudor Jones – 6,253 shares
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