Celestica Inc. CLS

Rising global borrowing costs are putting pressure on weaker balance sheets, and that is where high quality Canadian businesses with strong cash generation and modest debt profiles start to look interesting. If capital gets choosier, solid fundamentals and undemanding valuations can attract attention fast, creating potential rerating opportunities. This article walks through three stocks from our high quality, undervalued Canada list that are worth a closer look right now. The three...

Shares of Sanmina (SANM) have returned 68% over the past twelve months, easily outpacing the 17.0% return of the S&P 500. Share repurchases may be part of the case for owning the electronics manufacturer, given that the company operates with about 7% fewer shares than it had three years ago. Yet Sanmina bought back no shares in its latest reported quarter. So how much more does each share earn after three years of buybacks.