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Technology Stocks : Flextronics International (FLEX)
FLEX 57.35+0.8%Nov 25 3:59 PM EST

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To: kolo55 who wrote (261)6/8/1997 2:45:00 PM
From: jeffbas   of 1422
 
Paul, just one minor footnote. I never look at balance sheets without
checking how they would look without the good will, especially for
debt-heavy companies. Without good will, I suspect this company would
now have negative net worth. The implication is that they are counting
on not having a recession in their business in the next few years,
probably a pretty good bet, but a bet nonetheless. (You are right,
I tend to avoid highly leveraged companies.)
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