Celestica: I've 3xed My Investment But I'm Still Buying More (NYSE:CLS)

Core Insights - The company aims to provide alpha-generating investment ideas through a generalist approach, analyzing various sectors with perceived alpha potential against the S&P 500 [1] - The typical holding period for investments ranges from a few quarters to multiple years, indicating a long-term investment strategy [1] Research Approach - The company builds and maintains comprehensive spreadsheets that include historical financial data, key metrics, guidance trends, and performance indicators [1] - In addition to company filings, the company monitors relevant industry news and reports, as well as other analysts' coverage [1] - During significant events, such as CEO changes, the company conducts in-depth research on the leader's background and past performance [1] Valuation Methodology - The company rarely utilizes Discounted Cash Flow (DCF) models for long-term projections, believing they add limited value [1] - Instead, the focus is on assessing how a company has performed and the outlook on five key drivers of DCF valuation: revenues, costs and margins, cash flow conversion, capital expenditures, and interest rates [1]