Flextronics International (FLEX) Message Board

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Technology Stocks : Flextronics International (FLEX)

FLEX 65.99

+1.1%

9:32 AM EST

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To: Judy Muldawer who wrote (642)	4/14/1998 4:31:00 PM
From: John Morelli	Read Replies (1) of 1422

Yes I think $60 is quite feasible by year end. Assume by Nov./Decemeber it appears likely that FLEXF can earn $2.40 for this year (I think that's the consensus estimate although if I remember correctly Paul K. mentioned that these estimates might actually be upgraded). That means the next year's estimate will be roughly $3/share which at that time will have greater visibility. With a PE of 20x that means $60 by year end (assuming the overall market is accommodating). I'm still hoping that the whole ECM sector because of earnings growth potential over the next several years will experience a little PE multiple expansion i.e., a PE of 25, and therefore $75 by early next year. Lets hope M. Marks doesn't say anything when Q4 results are released to deflate earnings expectations.

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