Flextronics International (FLEX) Message Board

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Technology Stocks : Flextronics International (FLEX)

FLEX 59.44

-5.5%

3:52 PM EST

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To: solderman.com who wrote (358)	9/29/1997 2:23:00 PM
From: kolo55	of 1422

Basing a sell recommendation on trailing PE is ridiculous. Flextronics will report revenues of well over $1B compared to TTM revenues of about $560M. For this kind of serious growth, the trailing PE is a useless indicator. I don't think the InsiderTrader really knows that much about the stock and the company. I see the stock continues to trade in recent pattern; down on light volume when the big buyers step aside; then up on heavier volume. I see 60+ after Dec Q report, and maybe 100 in 15-18 months. The good news is just beginning. We should see 3-4 good quarters at least, and I'm guessing a much longer run than that. Remember this stock was 38-39 last December, and at 46 now, that really isn't that much of a move yet. Paul

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