Flextronics International (FLEX) Message Board

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Technology Stocks : Flextronics International (FLEX)

FLEX 59.98

+0.8%

Nov 14 9:30 AM EST

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To: jeffbas who wrote (614)	3/17/1998 10:40:00 PM
From: John Morelli	Read Replies (1) of 1422

Well, good question. Here's my two cents worth. Assuming say a 10% correction in JBIL price, FLEXF is the better buy, in my opinion, since it has yet to release Q4 earnings (which probably are in line with estimates) and provide an update re outlook for '98 (which likely/hopefully remains just as positive as 2 weeks ago suggested at Robertson Stephenson conference). If so FLEXF stock price will rebound as investors return to the stock and investors in SLR & JBIL shift toward FLEXF given its near term brighter prospects. Obviously if JBIL drops far enough (say $30 - $32) then its better value therefore a better buy (long run investment perspective), but you may not realize that potentially higher return until the fall when investors are better able to assess just how much earnings have slowed down and the implications for 1999. I'm concerned by JBIL exposure to computer sector (roughly 43% as stated in 10K I believe). FLEXF seems much less exposed.

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