Flextronics, FLEX, Cheap?

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November 28, 2006

FLEX doesn’t seem to be on the radar of anyone’s screen, but this stock looks super cheap to me with some major catalysts on the horizon.

FLEX seems to be in a waiting period while the aquisition/stock swap of IDWK gets voted on. That vote will be today the 28th of Nov and will close by the 30th.
Their recent conference call sounded good. It looks like they are running into a good product cycle of mobile phones as well as their pc business should catch steam with the release of Vista in ’07.

I found this article from Forbes in my research.

I could see this stock producing a 20% profit quite easily by April of ’07 at this price of 11.21.


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