Spinoff Report
SNX: Further Upside in High Conviction Q4 2020 Spinoff, Positive Insider Buying
Alerts are now attached to the distribution emails for convenience. Synnex Corp. (SNX) released strong Q2FY20 earnings yesterday (June 25), beating estimates and providing impressive guidance for next quarter. Since our recommendation on May 1, 2020, on the back of a key insider buying pattern, the stock has returned +19% (vs. the S&P Index's +9% in the same period), and we believe several key factors provide further upside ahead of its planned Q4 2020 Spinoff.

  • +19% Return Since May 1 Recommendation on Insider Buying Trend (Vs. S&P's +9%)
  • Investors Recommended to Hold for Further Upside
  • Strong Q2FY20 Earnings Beat Expectations / $400m Share Repurchase Program Announced
  • Smart Insider Bought for the Second Time in 20 Years in April at $73 Level
  • Spinoff on Track for Q4 2020 Completion / SNX is a Current Model Portfolio Holding
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