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Strategies & Market Trends : Electronic Contract Manufacture (ECM) Sector -- Ignore unavailable to you. Want to Upgrade?

To: patroller who wrote (1118)	1/14/1998 2:03:00 PM
From: 18acastra	Read Replies (1) \| Respond to of 2542

maybe short coke buy ecm's? what does jmho mean? i agree completely ridiculous.

To: patroller who wrote (1118)	1/14/1998 9:57:00 PM
From: Paul Senior	Read Replies (1) \| Respond to of 2542

Patroller: tired of your whining about the low price of FLEXF so I've gone back to show you why FLEXF is fairly valued at about 32. Here's what I see: Paul K says there's going to be about 40% more shares outstanding next year, so it looks like we're going from about 14 to 20 million shares. FLEXF sells at a price to sales ratio - on average in past few years - roughly at .65 ---and when times are not so good, at about .5. Paul K. also says FLEX should do about $1450 million in 1998. That means the value of FLEX is about $725 to $942 million if the same price sales ratios continue as they have in the past. Divided by 20M shares, this means the price of FLEX in 1998 in not so good times would be about $36 and in just average times would be about $47. So you now you can see why FLEX at 32 is... is... oops.