Flextronics International Ltd. (FLEX)

[XenaLives]

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) :

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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.

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