SmartFlex Systems (SFLX) - Blitzkrieg or Sitzkrieg? Message Board

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Technology Stocks : SmartFlex Systems (SFLX) - Blitzkrieg or Sitzkrieg?

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To: Jim Miller who wrote (764)	3/4/1999 7:05:00 PM
From: geoffrey Wren	Read Replies (2) of 848

I bought some SFLX a few days ago for 5 1/4, and already am down 3/4 point. What a drag. As to the company, it seems the market is giving this one away. Per year-end statement filed 2/9, they have $48,465 of current assets (over 1/2 cash), $15,746 of current liabilities, and $5,526 of long term debt. That leaves $27,193 net, which with shares of 6,453 gives $4.21/share. And it trades at $4.50 now. Part of the problem here is that the stock is a real laggard in price, and there are few who are enthusiastic about it now. It traded at 18 over three years ago. Anyone who held it for this period is not talking the stock up. Logically, the price only makes sense if you figure this company is just in the wrong business or has totally inept management. Neither seems to apply to my limited study. So I am content with this low PSR stock. I'm not sure I would load up the truck simply because the history of the company is so far from stellar. But as a value play, it sure looks good. Geoff Wren

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