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No. of Recommendations: 0
By Richard Stice, CFA

The Arrows in Flextronics' Quiver
Strong management, solid numbers, and an enticing price make this stock the star of electronic manufacturing services

We have a positive outlook on the Electronic Manufacturing Services (EMS) subindustry, despite its continued underperformance relative to the major indices. Through June 3, this group posted a year-to-date decline of 12.4%, which follows a 14.5% drop in 2004. This compares with the Standard & Poor's 500-stock index's 1.3% decline and 9.0% gain over the same time periods. Advertisement

Our positive opinion stems from our belief that the overall outsourcing trend continues to gain traction and is being embraced by a growing number or organizations searching for additional ways to reduce their manufacturing costs...

The article basically agrees with my thinking, and I am hopeful that FLEX will enjoy some good times ahead...

JT :-)
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