Tweedy Browne Comments on Avnet

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Nov 29, 2016

Avnet (AVT, Financial), on the other hand, is a global distributor of computer products and semiconductors which, at purchase, was trading at approximately 10X earnings and 7X enterprise value to earnings before interest, taxes and amortization (EBITA). Businesses such as Avnet have been routinely valued in corporate acquisitions at approximately 10X enterprise value to EBITA.

From Tweedy Browne (Trades, Portfolio) Fund semi-annual 2016 commentary.