ADFLEX SOLUTIONS ( AFLX ) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : ADFLEX SOLUTIONS ( AFLX )

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: E. Graphs who wrote (84)	7/25/1997 12:59:00 AM
From: Douglas V. Fant	of 718

EG, Thanks! If you want to try a little "horizontal arbitrage" buy a little AFLX and SFLX, and then you own the two "big guys" of the flex world. (Solectron and MKE have little pieces currently). Both AFLX and SFLX maintain manufacturing facilities in countries that recently devalued currency- AFLX in Thailand, and SFLX inthe Philippines. The impact of the devaluation on each company is unclear, since it depends whether the companies denominate their commercial contracts in a major currency such as the yen or dollar, or in local currencies, and also whether they actually buy parts at the Asian locations, or just ship parts into Asian locations for reassembly at their plants. Finally many company treasury departments have someone hedging their currency bets in their current portfolios of commercial contracts. My analysis of SFLX's situation suggested that the devaluations had little if any impact uon SFLX. Now I have not had the time to read AFLX's SWEC fiings to see how they handle currency issues and what their Asian manufacturing facility actually does, but my guess is that similar to SFLX, there will be no major impact upon AFLX's bottom line by the Thai baht devaluation.... Sincerely, Doug F.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next