Flextronics International Ltd. (NASDAQ:FLEX)
The Company is a global provider of vertically-integrated advanced design and electronics manufacturing services to original equipment manufacturers.
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Everybody knows them as flawless executors who know their Ops.
But I have met various guys from Flex in business context and they were all very competent and hard charging.
So I am long.
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Great quarter.
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The purchase of IDWK and a number of significant business wins
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Such solid financials and prospect looking forward. Great buy in right now at $11 - $12.
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Flex has the capacity to handle the next inevitable wave of outsourcing that occurs when the market picks up. Stock has been sideways for too long and has virtually no downside risk.
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After a number of years of mismanagement the new CEO Macnamara is consolidating business lines and adding new customers
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The fundamentals look ok to me, and I expect manufacturing outsourcing to accellerate in the next economic downturn, especially towards the Asia / SE Area; and it will not be limited to electronics. I think the management has recognised that (see the LEGO outsourcing !!!!!)
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ECM market is down. Major suppliers will affected by the battery recalls.
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Flextronics is well positioned to increase its profits and grow disproportionately to others in its sector.
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