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Is This Old Tech Company Any Good?

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Warren Buffett said, "Price is what you pay... value is what you get."

The best investor in the world knows the only way to prosper (especially in markets like these)... is to invest in VALUE.

But this stock under $2 could be the last value play in the market today.

See Why This Stock Under $2 Could Be $20 and STILL Be a Bargain - Click Here

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Is This Old Tech Company Any Good?

Jody Chudley, Contributing Analyst, The Oxford Club

Jody Chudley

The early days of Arrow Electronics (NYSE: ARW), dating back to 1935, saw the company selling used radios and radio parts to customers on Cortlandt Street in lower Manhattan.

My, how things have changed.

Now, with over $34 billion in annual revenue, the company is the largest single distributor of electronic components in the United States.

The company is entrenched in its industry and serves a vital role in the supply chain for global technology.

Consensus analyst estimates for Arrow's full-year 2022 earnings currently come in at $22.09 per share. With a recession looming, analysts are estimating a decrease in earnings to $17.20 per share for next year.

But a decrease in earnings isn't what we are looking for as investors. Over the long term, we need growth to drive share price returns.

Still, a one-year slight in earnings doesn't bother me, and we need to frame those earnings against the price that we are currently able to pay for this business.

So... is Arrow a good value investment?

FIND OUT HERE

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