Stockchase Opinions

Benj Gallander Flextronic International FLEX-Q COMMENT Apr 17, 2012

Has owned this for about 5 years but it has done nothing but go down. Lost money in 2009 but in the last 2 years they have done a great turnaround with about $30 billion in revenues. It is very diversified. If they regain their mojo, he can see the stock going to over $20. He could also see it as a takeover candidate.
$7.080

Stock price when the opinion was issued

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1550+ opinions with 4.81 rating (one of the best performing expert).

COMMENT
Stockchase Research Editor: Michael O'Reilly

The Singapore based company just completed its divestiture of its Nextracker subsidiary and now trades as Flex Ltd.  It partners with commercial and government entities to employ hi-tech supply chain solutions in 30 countries.  It trades at 13x earnings, under 2x book and supports a 22% ROE.  We recommend placing a stop-loss at $16, looking to achieve $33 -- upside potential of 40%.  Yield 0%      

(Analysts’ price target is $33.19)
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PAST TOP PICK
(A Top Pick Jan 23/24, Up 30.7%)Stockchase Research Editor: Michael O’Reilly

Our PAST TOP PICK with FLEX is progressing well.  To be disciplined, we recommend trailing up the stop to $25 at this time.

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PAST TOP PICK
(A Top Pick Jan 23/24, Up 42.7%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with FLEX has achieved its $33 target.  To be disciplined, we recommend covering half the position at this time.  We recommend maintaining the stop at $25.  

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TOP PICK
Stockchase Research Editor: Michael O'Reilly

We reiterate FLEX as a TOP PICK.  With AI driving the demand for data centre growth, FLEX power products and services cover 80% of a data centre's needs.  It trades at 14x earnings, 2.2x book and supports a 16% ROE.  Recently reported earnings beat analyst expectations by 7% on revenue and over 40% on EPS.  The company has been prudently using some cash reserves to aggressively buy back shares and retire debt.  We continue to recommend a tight stop at $25, looking to achieve $37 -- upside potential of 29%.  Yield 0% 

(Analysts’ price target is $37.64)
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TOP PICK
Stockchase Research Editor: Michael O'Reilly

We reiterate FLEX as a TOP PICK.  Management is focused on providing automotive, autonomous vehicle, and EV data solutions.  It trades at 15x earnings and under 2.5x book value.  Cash reserves are prudentially being used to aggressively buy back shares and reduce debt.  We continue to recommend a stop at $25, looking to achieve $38 -- upside potential of 26%.  Yield 0%

(Analysts’ price target is $37.74)
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Curated by Michael O'Reilly since 2020.
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PAST TOP PICK
(A Top Pick Sep 12/24, Up 26.9%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with FLEX has achieved its target at $38.  To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $25) to $29.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Sep 12/24, Up 43.7%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with FLEX is progressing well.  To remain disciplined, we recommend trailing up the stop (from $29) to $32 at this time.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Sep 12/24, Up 41.8%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with FLEX is progressing well.  To remain disciplined, we recommend trailing up the stop (from $32) to $37 at this time.  

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Sep 12/24, Up 23.6%)Stockchase Research Editor: Michael O’Reilly

Our PAST TOP PICK with FLEX has triggered its stop at $37.  To remain disciplined, we recommend covering the position at this time.  This will result in a net investment gain of 32%, when combined with our previous guidance.