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

To: solderman.com who wrote (1690)	9/1/1998 1:27:00 AM
From: kolo55	Read Replies (2) \| Respond to of 2542

I'm licking my wounds. Today Jabil and Flextronics were executed. The remaining question: "Is there is life after death ?" On a PSR or forward PE, Flextronics is now as cheap as it ever has been. They could do in excess of $1.7B revenues this fiscal year (ending in March), and the market cap is about $650M. They should earn over $2.60 per share, and backing out 16 cents of goodwill amortization non-cash expenses, the company will make over $2.75 per share. At 27, it is trading at about 10 times earnings. I can't believe it could fall 20% in one day on no news, with business still going good. But these kinds of things happen in a bear market, and that's what the small caps are in. And until the large cap tech stocks come down to earth, which they did a lot today, its hard to see the small caps taking back all of the ground they lost in the last several weeks. Well, what's to say. Live to fight another day. Paul