TMR Capital commentary for the third quarter ended September 30, 2024.
Quarter Review
We have produced strong absolute returns ytd, despite our focus on smaller, under the radar investments that have not participated in the bull market which has been mostly driven by megacap tech stocks. Our returns are uncorrelated to the S&P 500 and are instead dependent on company specific outcomes.
Long CLS
At 13x NTM P/E (consensus #s), Celestica Inc (NYSE:CLS) is a compelling AI play. Over the past five years, CLS’s Connectivity &...
