Jabil: Dissecting Buybacks On FY24 $1 Billion FCF Estimate

SweetBunFactory Jabil (NYSE:JBL), a Florida-based leading global provider of electrical and manufacturing services & solutions, is one of my favorite technology picks. The stock was up 89% last year - more than triple the returns of the S&P 500. However, during Q4, the stock went on a roller-coaster ride after breaking out from the mid-$$80s in June (see graphic below). Much of that volatility was likely due to uncertainty surrounding the company's $$2.2 billion divestment of its Mobility Segment to BYD ( ...