Flextronics International (FLEX) Message Board

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Technology Stocks : Flextronics International (FLEX)

FLEX 63.65

+1.6%

Nov 10 3:59 PM EST

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To: kolo55 who wrote (1062)	3/7/1999 12:02:00 PM
From: Ron Kory	Read Replies (2) of 1422

Pair Trade Idea: Buy FLEX/Short JBL FLEX is languishing at the moment 26% off its high; JBL is only 15% off its high after a terrific day on Friday. Put another way, FLEX is only 1 point off its recent low while JBL (adjusted for the split) is 5 points off its recent low. Based on '99 calendar earnings FLEX is trading at 22x earnings while JBL is trading at 27x earnings while growth rates are similar. I am aware that some of you have mentioned SLR as overvalued but it is hard to predict that the valuation premium will diminish in the near future since it is an index component. The near term difference between JBL and FLEX could disappear very quickly. Appreciate any comments. ron

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