Your thoughts on the stock IM.?

[789]

I bought shares at the price 30.63 and looking to hold them to 35-36. I am bullish on this stock for a few reasons, but one of them is from one quote by author William J O'neal where he describes stocks as being springs and when the market has a correction as we just had, good stocks will go sideways, and once this compression of the market is released, the stock will have a strong uptrend. As for IM, it has not been affected my this correction and has actually been slowly increasing.
Another thing that catches my eye is how the price reacted after the gap on 2/14/14. When a stock has such a big gap, usually it has a minor correction to either its 50sma or completely fills the gap. However, stocks that go sideways immediately and then breaks to the upside are strongest.
Also the fundamentals are pretty good. Although their ROE is below industry average and they have very small profit margins, they have been increasing their revenue steadily for the past 10-12 years.
Also they have not not a stock price over 23.5 since 1999 and there has been an increase in volume once it broke that resistance level. And in the past 2 or 3 weeks, you can see the increase in volume as it continually makes higher closing prices...including today. Also Citigroup raised it from neutral to buy the day I bought share, which I thought was kind of a coincidence.

[Duck-Duck Goose!]

My opinion (or your opinion) on IM is largely meaningless...what drives stock prices is the "consensus opinion" of the sum of interested investors...and whilst what you say is based in truth, the analysts (who both create and reflect the broader opinion of all investors) have this stock going to $31.67 presently...

Could it reach $35-$36? Of course it could....eventually....but there are faster and safer ways to make a 15% profit!

[rarguile]

Very few people are aware of Ingram Micro and how large a company it is. It operates on razor-thin margins and yet it's turnover makes it the 76th biggest company in the country. It is the leading distributor of IT products. So, it's business grows as fast as the IT business grows. It has certain limitations - it has little room to increase margins - it has the lion's share of the IT market - it's already very efficient so there's not much that they can do better. It's a great stock to hold but it's never going to outshine the market by much.

When you own a stock that the vast public has never heard of - and IM fits that description, it's never going to be a glamour stock like Apple, Facebook, and Starbucks etc.

[Raj]

I break down the metrics and thesis of the 5 highest-yielding stocks I am currently accumulating.
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High-yield stocks have a built-in resistance to large downward market swings.