Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: ultrabrite Big gold star, 5000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 552  
Subject: Director Buys Shares Date: 11/13/2006 12:16 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Indie Research
Diplomatic Flextronics Director Makes First Buy

Wednesday November 8, 7:43 am ET
By the InsiderScore.com Research Staff

A director at Flextronics International Ltd. (Nasdaq: FLEX - News) has made his first open market purchase, picking up more than $280,000 worth of stock in the contract electronics manufacturer.

Rockwell Schnabel purchased 25,000 shares at $11.34 on November 3rd, increasing his holdings to 32,716 shares. The co-founder of venture capital firm Trident Capital, Schnabel joined Flextronics's board in February after spending the past two decades in public service. Schnabel's most recent appointment was as the U.S. Representative to the European Union from 2001 to 2005.

--------------------------------snip----------------------------------

Not so positively, yesterday, Fitch cut its credit rating on some of Flextronics's debt. The agency said Flextronics's rating outlook remains "stable," but that margins remain a concern.

"The ratings downgrade reflects Fitch's expectations that Flextronics will continue to operate near historically low margin levels versus Fitch's prior expectations for material margin expansion for the core EMS business, and will experience negative free-cash flow likely through FY08 (March 2008) while investing heavily in expanded manufacturing capacity and working capital to support a significant expected increase in revenue. These factors are somewhat mitigated by Fitch's belief that Flextronics is at an inflection point as the company is beginning to benefit from its original design manufacturer and vertical integration strategy after several years of disappointing results which negatively impacted profitability," analysts at Fitch said.


http://biz.yahoo.com/indie/061108/405_id.html?.v=1

Interesting article.

JT :-)
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement