FLEX

Flextronics International Ltd.

NASDAQ

Add Alert

FLEX

Flextronics International Ltd.

NASDAQ

Add Alert

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Live Updating

Older

ClayTrader Free

10/16/20 5:35 PM

Post #674

* * $FLEX Video Chart 10-16-2020 * *

Link to Video - click here to watch the technical chart video

whytestocks Free

10/16/20 4:32 PM

Post #673

Just In: $FLEX Nasdaq Treads Water as Flex Lights Up, First Citizens Climbs on CIT Buy

It's been a turbulent week for the Nasdaq Composite (NASDAQINDEX: ^IXIC) , which posted strong gains on Monday and spent the rest of the week fighting to hang onto them. In the end, market participants managed to defend their weekly gains, albeit failing to claw back much of the gro...

Got this from FLEX - Nasdaq Treads Water as Flex Lights Up, First Citizens Climbs on CIT Buy

whytestocks Free

10/16/20 4:15 PM

Post #672

Breaking News: $FLEX Why Flex Stock Is Rising Today

Shares of Flex (NASDAQ: FLEX) are rising today, up by 12% as of 1:34 p.m. EDT, after getting positive commentary from Wall Street. RBC Capital and J.P. Morgan both upgraded their respective views on the consumer electronics contract manufacturer. RBC Capital analyst Robert Mulle...

Read the whole news FLEX - Why Flex Stock Is Rising Today

Ogi1

02/20/19 10:07 AM

Post #671

Re: #670: @Ogi1 - Yep, 10$ it is :)))

This week will reach my 12$ target

Ogi1

01/30/19 4:33 PM

Post #670

Re: #669: @Ogi1 - Today SP will fly to 10$

Yep, 10$ it is :)))

Ogi1

01/30/19 4:08 AM

Post #669

Re: #668: @Ogi1 - Holding my shares for 12$ target!

Today SP will fly to 10$

Ogi1

01/23/19 9:53 AM

Post #668

Re: #667: @Ogi1 - 11k @ 7.50 PT12$

Holding my shares for 12$ target!

Ogi1

12/27/18 9:48 AM

Post #667

Re: #666: @XenaLives - Very strange stock..

11k @ 7.50 PT12$

XenaLives

12/20/18 8:29 AM

Post #666

Very strange stock..

FLEX -3.43 to 7.48 after beating estimates but lowering guidance - I think this selloff is overdone a picked up a very small starter position this morning .... the stock was near $20 in January and doesn't deserve to be down 62% from the high now trading at just 7x Mar FY19 guidance .... historically the stock has traded at a forward PE averaging around 12x, so now looks cheap at a 40% discount to the norm.

Flextronics is a contract manufacturer, based in Singapore and with operations around the world.

briefing -

Flex beats by $0.01, misses on revs; guides Q3 EPS below consensus, revs below consensus; guides FY19 EPS below consensus, revs below consensus; ANnounces wind down of NKE operations in Mexico, CEO McNamara retires (10.91 +0.01) :

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144476047&txt2find=flextronics

Fudalies...... And Ramberts....You made at least 5 points:

1] Re listing Maybe i don't know.

2] Active proposals.....You are wrong. There are active proposals and they will require test units.It has been announced.

3] Breastaware, Washable Keyboards, UK Air Bearings....Long ago and with partners who could not follow through.

4] Saudi Aramco, Power Line Monitoring, Castrol, General Motors... This was the beginning of the Industrial Internet of Thing focus and will be productive.
A] Saudi Aramco...deferred to other oil company to take the lead. IMO, not dead.
B] Power Line Monitoring....Still a viable product...Can come back with a different partner.
C] Castrol....Replaced by Repsol ...Announced last year.
D] GM....Flextronics made inferior parts. Maybe new partner????

5] "Private Placement buyers" were supposedly enticed with hints of upcoming news/info pertaining to Honda and some Arizona Power Plant.
IMO... Well not the MOST RECENT were NOT enticed by the above....Enough said.

Thanks for providing the opportunity of your opinions for me to respond with my opinions based on in depth research and knowledge.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142766912&txt2find=flextronics

XenaLives

12/07/18 8:18 AM

Post #665

Well diversified customer base:

Flex Digital Health Announces Novo Nordisk as BrightInsight Customer
October 23, 2018
Download this Press Release
Companies to Develop Digital Health Solutions to Improve Diabetes Care
SAN JOSE, Calif., Oct. 23, 2018 /PRNewswire/ -- Flex (NASDAQ:FLEX), the Sketch-to-Scale® solutions provider that designs and builds Intelligent Products for a Connected World®, today announced a partnership with Novo Nordisk to develop digital health solutions for diabetes patients. After rigorous evaluation, Novo Nordisk selected the medical-grade BrightInsight™ platform from Flex Digital Health to build and operate these solutions and securely manage millions of its smart medical devices and the corresponding data within a regulatory-compliant environment.

BrightInsight provides a unified IoT platform that enables organizations to develop and host digital health devices, apps and algorithms at scale while maintaining compliance with privacy, security and regulatory requirements across the globe. Compared to building a custom platform from scratch, BrightInsight's robust functionality facilitates lower costs and accelerates time to market.

"Traditional methods of managing diabetes have not kept pace with a world moving at digital speed," said Kal Patel, M.D. and SVP of Digital Health at Flex. "BrightInsight securely unlocks real-world data and actionable insights, enabling pharma and medtech companies to develop advanced, regulated digital health solutions that enable automated clinical decisions and better engagement between clinicians and people with diabetes."

By collaborating with Flex and utilizing Flex's established platform, BrightInsight, Novo Nordisk can focus on developing innovative medicines with the goal of improving patient outcomes.

"Addressing the growing diabetes epidemic takes more than best-in-class medicines alone. We need to engage with people on their level and integrate with the solutions they are already using to manage their diabetes," said Anders Dyhr Toft, corporate vice president of Commercial Innovation at Novo Nordisk. "Medical-grade digital health platforms like BrightInsight are key to helping us improve the dialogue between people with diabetes and their caregivers."

BrightInsight is an advanced, medical-grade managed service platform that can capture and analyze data from connected medical devices, combination products, apps or Software as a Medical Device (SaMD) in a secure, regulatory-compliant environment. BrightInsight's Device Master File has been accepted by the FDA and Flex Digital Health is ISO 13485:2016 certified.

This announcement further builds on Flex's current Sketch-to-Scale engagement to help design and manufacture elements of Novo Nordisk's new connected insulin pens. The new partnership with Novo Nordisk follows another recent milestone for Flex Digital Health, the inauguration of the BrightInsight Clinical Board, which was established to incorporate physician insight and workflow experience in the development of digital health tools. In addition, Flex Digital Health and the Boston Consulting Group recently published a white paper titled, "The Evolving Role of the Biopharma and Medtech CIO: How to Succeed in Today's Digital Era."

About Flex
Flex is the Sketch-to-Scale® solutions provider that designs and builds Intelligent Products for a Connected World®. With approximately 200,000 professionals across 30 countries, Flex provides innovative design, engineering, manufacturing, real-time supply chain insight and logistics services to companies of all sizes in various industries and end-markets. For more information, visit flex.com or follow us on Twitter @flexintl. Flex – Live Smarter®

Investors & Analysts
Kevin Kessel
1 (408) 576-7985
kevin.kessel@flex.com

Media & Press
Paul Brunato
1 (408) 576-7534
paul.brunato@flex.com

New Flex Logo. (PRNewsFoto/Flex)

https://investors.flex.com/company-news/press-release-details/2018/Flex-Digital-Health-Announces-Novo-Nordisk-as-BrightInsight-Customer/default.aspx

XenaLives

12/07/18 8:16 AM

Post #664

Institutional ownership is high:

Security FLEX / Flextronics International Ltd. (Y2573F102)
Industry Printed Circuit Boards
Institutional Owners 371
Institutional Shares 505,253,711 - 95.53%
Common Stock Shares Outstanding 528,887,123 shares (as of 2018-09-28)
Institutional Value $ 40,261,771,000 USD

https://fintel.io/so/us/flex

XenaLives

12/07/18 8:13 AM

Post #663

Significant players taking positions..

File Date Form Investor Opt Prev
Shares Current
Shares Change
(Percent) Prev Value
($1000) Current Value
($1000) Change
(Percent)
2018-11-07 13F Cutler Group LP Put 100 20,000 19,900.00 0 1
2018-11-16 13F/A TIAA CREF INVESTMENT MANAGEMENT LLC 11,851 1,291,392 10,796.90 167 16,943 10,045.51
2018-11-13 13F CITADEL ADVISORS LLC 138,294 12,740,250 9,112.44 1,952 167,152 8,463.11
2018-11-13 13F Renaissance Technologies LLC 25,897 1,669,354 6,346.13 365 21,902 5,900.55
2018-11-13 13F/A JP Morgan Chase & Co 555,808 8,409,741 1,413.07 7,841 110,336 1,307.17
2018-11-07 13F Cutler Group LP 902 12,935 1,334.04 12 169 1,308.33
2018-11-20 13F Rehmann Capital Advisory Group 13,281 171,858 1,194.01 187,395 13,099 -93.01
2018-10-23 13F SIMPLEX TRADING, LLC Call 85 942 1,008.24 119 1,235 937.82
2018-08-14 13F PEAK6 Investments, L.P. 7,629 79,686 944.51 125 1,124 799.20
2018-11-14 13F BALYASNY ASSET MANAGEMENT LLC 74,100 406,104 448.05 1,046 5,328 409.37
2018-11-14 13F Capital Bank & Trust Co 661 3,051 361.57 9 40 344.44
2018-10-23 13F SIMPLEX TRADING, LLC Put 35 151 331.43 49 198 304.08
2018-11-14 13F DEUTSCHE BANK AG\ 701,078 3,007,000 328.91 9,888 39,449 298.96
2018-10-17 13F Global Retirement Partners, Llc 414 1,364 229.47 6 18 200.00
2018-11-14 13F STATE OF WISCONSIN INVESTMENT BOARD 501,465 1,585,813 216.24 7,076 20,806 194.04
2018-11-14 13F Amerivest Investment Management LLC 116 341 193.97 2 4 100.00
2018-11-13 13F STIFEL FINANCIAL CORP 74,514 202,006 171.10 1,041 2,651 154.66
2018-11-01 13F NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 2,553 6,707 162.71 36 88 144.44
2018-11-13 13F Cipher Capital LP 67,901 168,477 148.12 958 2,211 130.7

https://fintel.io/so/us/flex

XenaLives

12/07/18 8:09 AM

Post #662

Flex Appoints Charles Stevens And Jill Greenthal To Board Of Directors
November 15, 2018
Download this Press Release
SAN JOSE, Calif., Nov. 15, 2018 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced that Charles K. "Chuck" Stevens III and Jill Greenthal have been appointed to the Company's Board of Directors. Mr. Stevens and Ms. Greenthal bring strong financial and investment expertise.

As the former Chief Financial Officer of General Motors, Mr. Stevens brings strong financial expertise as well as extensive experience in the automotive industry which will be invaluable to Flex's automotive business. With three decades in investment banking, Ms. Greenthal brings deep financial understanding of the world's leading media, technology and telecommunications companies.

Michael D. Capellas, Flex Chairman of the Board, said, "Chuck Stevens and Jill Greenthal are both highly respected and experienced finance executives. We welcome their leadership, insight and advice to the Flex Board."

The elections to the Flex Board took effect on November 14, 2018. Mr. Stevens has been appointed to the Audit Committee of the Board, and it is expected that Ms. Greenthal will be appointed to a new finance and investment committee of the Board upon its formation. The addition of Mr. Stevens and Ms. Greenthal brings the number of independent Board members to nine.

Chuck Stevens retired as CFO for General Motors in September 2018, after a 40-year career at the company. From 1994 to 2005, he held several leadership positions in General Motors' Asia Pacific Region, including China, Singapore, Indonesia and Thailand. He returned to North America in 2006 and assumed the role of CFO for General Motors Canada, GM Mexico in 2008 and CFO of GM North America in 2010. In 2014, Stevens was named Executive Vice President and CFO of General Motors Corporation, where he was responsible for leading the company's financial and accounting operations worldwide. Chuck has also served as a director of the board of Masco Corporation since February 2018. He received his Bachelor of Industrial Administration from General Motors Institute (now Kettering University) and MBA from the University of Michigan, Flint.

Jill Greenthal has more than 30 years of experience advising and financing some of the world's leading media, technology and telecommunications companies. As an investment banker, she held senior positions at Lehman Brothers, Donaldson Lufkin and Jenrette and Credit Suisse. She also was a Senior Managing Director at Blackstone before taking on her current role with the private equity group as a Senior Advisor. Ms. Greenthal has more than a decade of public company board experience, currently serving as a director on the board of Akamai Technologies, Cars.com and Houghton Mifflin Harcourt. She is a graduate of Simmons College and received an MBA from Harvard Business School.

About Flex Ltd.
Flex Ltd. (Reg. No. 199002645H) is the Sketch-to-Scale® solutions provider that designs and builds Intelligent Products for a Connected World®. With approximately 200,000 professionals across 30 countries, Flex provides innovative design, engineering, manufacturing, real-time supply chain insight and logistics services to companies of all sizes in various industries and end-markets. For more information, visit flex.com or follow us on Twitter @Flexintl. Flex - Live SmarterTM

Investors & Analysts
Kevin Kessel
408-576-7985
kevin.kessel@flex.com

or

Media & Press
Paul Brunato
(408) 576-7534
paul.brunato@flex.com

New Flex Logo. (PRNewsFoto/Flex)

https://investors.flex.com/company-news/press-release-details/2018/Flex-Appoints-Charles-Stevens-And-Jill-Greenthal-To-Board-Of-Directors/default.aspx

ClayTrader Free

10/26/18 5:19 PM

Post #661

* * $FLEX Video Chart 10-26-18 * *

Link to Video - click here to watch the technical chart video

pack10

10/20/16 8:07 PM

Post #660

thought many would like to know this

Shares of Flex (FLEX) were climbing in late-morning trading on Wednesday as Goldman Sachs added the stock to its "Conviction Buy" list.

Price target of 16. Pretty conservative, imo

pack10

04/28/16 1:20 PM

Post #659

Re: #658: @pack10 - I'm little concerned about their Q4 earnings.

This helps with my concerns

JPMorgan initiated coverage of Flextronics International Ltd. (NASDAQ: FLEX) with an Overweight rating and $15 price target, saying the company's strategy to shift to higher margin businesses would increase market share and margin expansion.

The initiation note comes as Flextronics is set to report its fourth-quarter results on April 28. The Street expects earnings of $0.28 a share on revenue of $5.80 billion.

pack10

04/15/16 10:20 AM

Post #658

Re: #657: @1center - Run silent run deep. Steady as she goes.

I'm little concerned about their Q4 earnings. Have you done any DD? Looks like consensus is .276 for Q4. Lots of insider activity. 96% of OS is institutionally held.
I would like to think they'll beat the estimates but just don't hear enough to really know.
Any thoughts?

1center

04/14/16 3:53 PM

Post #657

Re: #654: @pack10 - Run silent run deep. Steady as

Run silent run deep. Steady as she goes.

$FLEX
still looking good

alphaInvestor2 Free

04/14/16 1:45 PM

Post #656

IDXG just getting primed for a run$$

pack10

03/31/16 1:47 PM

Post #655

Re: #654: @pack10 - Run silent run deep. Steady as

Yes!! over 12.

pack10

03/29/16 9:34 AM

Post #654

Re: #653: @1center - $FLEX 11.85 not much on the dips. A

Run silent run deep. Steady as she goes.

1center

03/28/16 3:18 PM

Post #653

Re: #652: @pack10 - Next "Q" higher for sure.

$FLEX 11.85 not much on the dips. A good problem to have I guess.

pack10

03/23/16 10:40 AM

Post #652

Re: #650: @1center - $FLEX getting there hit 12$ today :)

Next "Q" higher for sure.

KingMidasAu Free

03/23/16 7:54 AM

Post #651

COWI- ANOTHER GREAT DAY COMING!DD PACKAGE HERE!

CREDIT TO GoldDog83!

Here are the facts: Updated

COWI is Hiring http://www.indeed.com/forum/cmp/Coroware.html

COWI has worked with MSFT before:

https://books.google.com/books?id=xcndOmf35uoC&pg=PA803&lpg=PA803&dq=coroware+contract+microsoft&source=bl&ots=aGJpKFgrHu&sig=owJgL8EokCACtGkDSFZAHMveWSk&hl=en&sa=X&ved=0ahUKEwi5yerjztTLAhWBDz4KHZunCYUQ6AEIWDAJ#v=onepage&q=coroware%20contract%20microsoft&f=false

https://www.microsoft.com/games/mgsgamecatalog/halo4_credits.aspx
https://www.microsoft.com/games/mgsgamecatalog/haloannivcredits.aspx
https://www.halowaypoint.com/en-us/games/halo-the-master-chief-collection/credits/halo-mcc
http://www.mobygames.com/game/xbox-one/halo-5-guardians/credits

COWI has a team of HoloLens Professionals on staff right now!
https://www.linkedin.com/in/parkerciambrone?trk=pub-pbmap
https://www.linkedin.com/in/mrkeithsteward
https://www.linkedin.com/in/sarah-lasconia-grogan-a923663a?trk=pub-pbmap
https://www.linkedin.com/in/joseph-brabo-461a4955
https://www.linkedin.com/in/diana-pascual-4a606a6?trk=pub-pbmap
https://www.linkedin.com/in/andrewalaniz
https://www.linkedin.com/in/mitch-ramey-67780196?trk=seokp-title_posts_secondary_cluster_res_author_name

This is what these guys are working on NOW and this is what your investing in!!

http://www.engineering.com/BIM/ArticleID/10271/Architects-Could-Love-the-Microsoft-HoloLens.aspx
https://www.microsoft.com/microsoft-hololens/en-us
https://blogs.windows.com/devices/2015/11/19/microsoft-hololens-and-volvo-cars-explore-the-future-of-car-buying/

Additional links:

NEW 8K: http://ih.advfn.com/p.php?pid=nmona&article=70854624

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10987382

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11032888

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=121290886

http://ih.advfn.com/p.php?pid=nmona&article=70802814

http://www.buyins.com/reports/cowi1-25-16.pdf

http://www.buyins.com/images2/cowistr1-25-16.jpg

1center

03/22/16 2:45 PM

Post #650

Re: #647: @pack10 - UBS has a price target of 13.50 on

$FLEX getting there hit 12$ today :)

pack10

03/17/16 10:42 AM

Post #649

Re: #647: @pack10 - UBS has a price target of 13.50 on

I'll repeat UBS has a more than fair price target of 13.50 on this stock. We should see that number come next Q report.

alphaInvestor2 Free

03/11/16 3:14 AM

Post #648

IPRU getting ready for penny land.

pack10

03/04/16 11:10 AM

Post #647

UBS has a price target of 13.50 on this stock.

pack10

03/03/16 10:43 AM

Post #646

Re: #645: @1center - The Company ($FLEX) is in high demand from

what is interesting to me is how this company trades well below all of its competition. Said another way. All the other chip makers trade in around a P/E of twenty. That makes this company undervalued even at 13 to 15 a share. I suspect many will pickup on that fact and the stock will move higher.

1center

03/01/16 1:59 PM

Post #645

Re: #644: @pack10 - Completely unvalued stock, IMO How many

The Company ($FLEX) is in high demand from many heavy
player's in the #tech industry, as a can do, getter done,
go to Company. IMO the stock will be in higher demand as well
Wouldn't doubt $13 short term.

pack10

03/01/16 11:49 AM

Post #644

Re: #643: @pack10 - Very strong for sure. I see

Completely unvalued stock, IMO How many tech companies like this trade at such a low P/E? Most would be trading at twice the current level.

pack10

02/18/16 1:27 PM

Post #643

Re: #642: @1center - They can also buy back stock on down

Very strong for sure. I see a pretty good move higher this year. Hang on!!!

1center

02/18/16 10:38 AM

Post #642

Re: #641: @pack10 - Stock is showing strength in this up and

They can also buy back stock on down days. And probably do.
$FLEX looking strong

pack10

02/09/16 8:50 AM

Post #641

Stock is showing strength in this up and down market. I'll repeat my price target,13 - 15 this year.

pack10

02/05/16 11:50 AM

Post #640

Re: #639: @Jld3294 - Do you have any idea why it went

No idea,to be honest. Under ten is a great price,imo.

Jld3294

02/05/16 11:15 AM

Post #639

Re: #638: @pack10 - They're doing work with Fitbit, Nike, Ford and

Do you have any idea why it went to $9 a couple months ago? Seems like a lot of analyst buy recommendations on this name, yet the stock is near year lows

pack10

02/05/16 9:48 AM

Post #638

Re: #637: @Jld3294 - Interesting stock. At first I thought this was

They're doing work with Fitbit, Nike, Ford and many more. Latest PR indicates the medical field devices which I feel will be a big opportunity. What made me really take notice, CEO stated they bought back some 30% of their stock in the last five years.

Jld3294

02/05/16 7:54 AM

Post #637

Re: #636: @pack10 - What a great stock,imo. Over the

Interesting stock. At first I thought this was a small cap and then I looked and saw its a 5B company!

They are contract manufacturers?

pack10

02/04/16 11:12 AM

Post #636

What a great stock,imo. Over the last five years the company has repurchased one third of the OS.
They continue to make progress, check latest pr. I see a much higher PPS in the short and long term.

pack10

02/03/16 1:02 PM

Post #635

Re: #634: @1center - The good thing about it $FLEX will be

I feel pretty good as my order filled today. I like both the short and long term outlook.

1center

02/03/16 10:57 AM

Post #634

Re: #633: @pack10 - Seems as if almost no one knows about

The good thing about it $FLEX will be recognized and appreciated
in the future. The high profile tech Companies need them.
Flex is highly in demand and they grow to meet demand.
I've accumulated some @$10s and $9 all along
For the past year bought some to trade as well
When it taps $13.

pack10

02/02/16 8:08 PM

Post #633

Re: #632: @1center - $FLEX CEO Mike McNamara talks to Jim Cramer

Seems as if almost no one knows about this stock? A pullback to the 9.80 range should make it a screaming buy.
The CEO stated in the interview that they have bought back a third of their stock in the last 5 years.
THAT IS GOOD SIGN!

1center

02/02/16 2:39 PM

Post #632

$FLEX CEO Mike McNamara talks to Jim Cramer CNBC this morning.
Current pps @$10.05
Flex CEO on 'Intelligence of Things'
Tuesday, 2 Feb 2016 | 10:24 EST | 05:30
Flex CEO Mike McNamara discusses how his products fit in with manufacturing around the globe, and how his company enables innovations in tech in order for companies to enhance the consumer's life.

http://video.cnbc.com/gallery/?video=3000490943

http://www.thestreet.com/quote/FLEX.html

1center

01/29/16 10:35 AM

Post #631

Re: #629: @1center - Bought more $FLEX @9.26..http://investors.flextronics.com/investor-relations/def

$FLEX Third Q Earnings..All-time highest quarterly adjusted EPS for the Company at $0.35 #technology
- Adjusted operating margin expands at 3.5%, increasing 60 basis points year-over-year
- Adjusted operating income tops guidance at $236 million
- Strong free cash flow generation of $158 million
- Maintains commitment to return shareholder value

http://finance.yahoo.com/news/flex-reports-third-quarter-fiscal-210100364.html

August 24, 2015, the Company announced that it has received shareholder approval to purchase up to 20% of the Company’s outstanding ordinary shares. A copy of the press release is furnished with this report as Exhibit 99.1. This approval was received on August 20, 2015 at the
Company’s Extraordinary General Meeting. As part of the Company’s share repurchase plan, its Board of Directors has authorized management to continue its share repurchase plan for the Company’s issued ordinary shares in an aggregate amount not to exceed $500 million. Share repurchases, if any, will be made in the open market and in compliance with SEC Rule 10b-18. The timing and actual number of shares repurchased will depend on a variety of factors including price, market conditions and applicable legal requirements. The share repurchase program does not obligate the Company to repurchase any specific number of shares and may be suspended or terminated at any time without prior notice.

1center

01/28/16 1:44 AM

Post #630

Re: #628: @1center - $FLEX Citigroup likes contract manufacturers because they

$FLEX earnings tomorrow.

1center

01/15/16 1:17 PM

Post #629

Re: #628: @1center - $FLEX Citigroup likes contract manufacturers because they

Bought more $FLEX @9.26..http://investors.flextronics.com/investor-relations/default.aspx

1center

12/11/15 12:09 PM

Post #628

$FLEX Citigroup likes contract manufacturers because they should benefit as demand for sophisticated automotive content grows. It adds Flextronics (FLEX) to its buy list on "margin expansion potentials driven by favorable product mix and topline leverage." FLEX recently acquired Mirror Controls International, an automotive mirror company, in an effort to expand its car-related manufacturing. It has added companies in the solar and home automation sector as well. Citi expects these to add to margin growth and ups 2016 and 2017 EPS estimates by 3%. Citi also thinks the company's stock buyback strategy should benefit shares which are down nearly 3% YTD. FLEX is up 0.5% at $10.85. (patrick.sheridan@wsj.com; @patmsheridan)

(END) Dow Jones Newswires

December 11, 2015 11:53 ET