XenaLives
6 years ago
Very strange stock..
FLEX -3.43 to 7.48 after beating estimates but lowering guidance - I think this selloff is overdone a picked up a very small starter position this morning .... the stock was near $20 in January and doesn't deserve to be down 62% from the high now trading at just 7x Mar FY19 guidance .... historically the stock has traded at a forward PE averaging around 12x, so now looks cheap at a 40% discount to the norm.
Flextronics is a contract manufacturer, based in Singapore and with operations around the world.
briefing -
Flex beats by $0.01, misses on revs; guides Q3 EPS below consensus, revs below consensus; guides FY19 EPS below consensus, revs below consensus; ANnounces wind down of NKE operations in Mexico, CEO McNamara retires (10.91 +0.01) :
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144476047&txt2find=flextronics
Fudalies...... And Ramberts....You made at least 5 points:
1] Re listing Maybe i don't know.
2] Active proposals.....You are wrong. There are active proposals and they will require test units.It has been announced.
3] Breastaware, Washable Keyboards, UK Air Bearings....Long ago and with partners who could not follow through.
4] Saudi Aramco, Power Line Monitoring, Castrol, General Motors... This was the beginning of the Industrial Internet of Thing focus and will be productive.
A] Saudi Aramco...deferred to other oil company to take the lead. IMO, not dead.
B] Power Line Monitoring....Still a viable product...Can come back with a different partner.
C] Castrol....Replaced by Repsol ...Announced last year.
D] GM....Flextronics made inferior parts. Maybe new partner????
5] "Private Placement buyers" were supposedly enticed with hints of upcoming news/info pertaining to Honda and some Arizona Power Plant.
IMO... Well not the MOST RECENT were NOT enticed by the above....Enough said.
Thanks for providing the opportunity of your opinions for me to respond with my opinions based on in depth research and knowledge.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142766912&txt2find=flextronics
XenaLives
6 years ago
Well diversified customer base:
Flex Digital Health Announces Novo Nordisk as BrightInsight Customer
October 23, 2018
Download this Press Release
Companies to Develop Digital Health Solutions to Improve Diabetes Care
SAN JOSE, Calif., Oct. 23, 2018 /PRNewswire/ -- Flex (NASDAQ:FLEX), the Sketch-to-Scale® solutions provider that designs and builds Intelligent Products for a Connected World®, today announced a partnership with Novo Nordisk to develop digital health solutions for diabetes patients. After rigorous evaluation, Novo Nordisk selected the medical-grade BrightInsightβ’ platform from Flex Digital Health to build and operate these solutions and securely manage millions of its smart medical devices and the corresponding data within a regulatory-compliant environment.
BrightInsight provides a unified IoT platform that enables organizations to develop and host digital health devices, apps and algorithms at scale while maintaining compliance with privacy, security and regulatory requirements across the globe. Compared to building a custom platform from scratch, BrightInsight's robust functionality facilitates lower costs and accelerates time to market.
"Traditional methods of managing diabetes have not kept pace with a world moving at digital speed," said Kal Patel, M.D. and SVP of Digital Health at Flex. "BrightInsight securely unlocks real-world data and actionable insights, enabling pharma and medtech companies to develop advanced, regulated digital health solutions that enable automated clinical decisions and better engagement between clinicians and people with diabetes."
By collaborating with Flex and utilizing Flex's established platform, BrightInsight, Novo Nordisk can focus on developing innovative medicines with the goal of improving patient outcomes.
"Addressing the growing diabetes epidemic takes more than best-in-class medicines alone. We need to engage with people on their level and integrate with the solutions they are already using to manage their diabetes," said Anders Dyhr Toft, corporate vice president of Commercial Innovation at Novo Nordisk. "Medical-grade digital health platforms like BrightInsight are key to helping us improve the dialogue between people with diabetes and their caregivers."
BrightInsight is an advanced, medical-grade managed service platform that can capture and analyze data from connected medical devices, combination products, apps or Software as a Medical Device (SaMD) in a secure, regulatory-compliant environment. BrightInsight's Device Master File has been accepted by the FDA and Flex Digital Health is ISO 13485:2016 certified.
This announcement further builds on Flex's current Sketch-to-Scale engagement to help design and manufacture elements of Novo Nordisk's new connected insulin pens. The new partnership with Novo Nordisk follows another recent milestone for Flex Digital Health, the inauguration of the BrightInsight Clinical Board, which was established to incorporate physician insight and workflow experience in the development of digital health tools. In addition, Flex Digital Health and the Boston Consulting Group recently published a white paper titled, "The Evolving Role of the Biopharma and Medtech CIO: How to Succeed in Today's Digital Era."
About Flex
Flex is the Sketch-to-Scale® solutions provider that designs and builds Intelligent Products for a Connected World®. With approximately 200,000 professionals across 30 countries, Flex provides innovative design, engineering, manufacturing, real-time supply chain insight and logistics services to companies of all sizes in various industries and end-markets. For more information, visit flex.com or follow us on Twitter @flexintl. Flex β Live Smarter®
Investors & Analysts
Kevin Kessel
1 (408) 576-7985
kevin.kessel@flex.com
Media & Press
Paul Brunato
1 (408) 576-7534
paul.brunato@flex.com
New Flex Logo. (PRNewsFoto/Flex)
https://investors.flex.com/company-news/press-release-details/2018/Flex-Digital-Health-Announces-Novo-Nordisk-as-BrightInsight-Customer/default.aspx
XenaLives
6 years ago
Significant players taking positions..
File Date Form Investor Opt Prev
Shares Current
Shares Change
(Percent) Prev Value
($1000) Current Value
($1000) Change
(Percent)
2018-11-07 13F Cutler Group LP Put 100 20,000 19,900.00 0 1
2018-11-16 13F/A TIAA CREF INVESTMENT MANAGEMENT LLC 11,851 1,291,392 10,796.90 167 16,943 10,045.51
2018-11-13 13F CITADEL ADVISORS LLC 138,294 12,740,250 9,112.44 1,952 167,152 8,463.11
2018-11-13 13F Renaissance Technologies LLC 25,897 1,669,354 6,346.13 365 21,902 5,900.55
2018-11-13 13F/A JP Morgan Chase & Co 555,808 8,409,741 1,413.07 7,841 110,336 1,307.17
2018-11-07 13F Cutler Group LP 902 12,935 1,334.04 12 169 1,308.33
2018-11-20 13F Rehmann Capital Advisory Group 13,281 171,858 1,194.01 187,395 13,099 -93.01
2018-10-23 13F SIMPLEX TRADING, LLC Call 85 942 1,008.24 119 1,235 937.82
2018-08-14 13F PEAK6 Investments, L.P. 7,629 79,686 944.51 125 1,124 799.20
2018-11-14 13F BALYASNY ASSET MANAGEMENT LLC 74,100 406,104 448.05 1,046 5,328 409.37
2018-11-14 13F Capital Bank & Trust Co 661 3,051 361.57 9 40 344.44
2018-10-23 13F SIMPLEX TRADING, LLC Put 35 151 331.43 49 198 304.08
2018-11-14 13F DEUTSCHE BANK AG\ 701,078 3,007,000 328.91 9,888 39,449 298.96
2018-10-17 13F Global Retirement Partners, Llc 414 1,364 229.47 6 18 200.00
2018-11-14 13F STATE OF WISCONSIN INVESTMENT BOARD 501,465 1,585,813 216.24 7,076 20,806 194.04
2018-11-14 13F Amerivest Investment Management LLC 116 341 193.97 2 4 100.00
2018-11-13 13F STIFEL FINANCIAL CORP 74,514 202,006 171.10 1,041 2,651 154.66
2018-11-01 13F NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 2,553 6,707 162.71 36 88 144.44
2018-11-13 13F Cipher Capital LP 67,901 168,477 148.12 958 2,211 130.7
https://fintel.io/so/us/flex
XenaLives
6 years ago
Flex Appoints Charles Stevens And Jill Greenthal To Board Of Directors
November 15, 2018
Download this Press Release
SAN JOSE, Calif., Nov. 15, 2018 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced that Charles K. "Chuck" Stevens III and Jill Greenthal have been appointed to the Company's Board of Directors. Mr. Stevens and Ms. Greenthal bring strong financial and investment expertise.
As the former Chief Financial Officer of General Motors, Mr. Stevens brings strong financial expertise as well as extensive experience in the automotive industry which will be invaluable to Flex's automotive business. With three decades in investment banking, Ms. Greenthal brings deep financial understanding of the world's leading media, technology and telecommunications companies.
Michael D. Capellas, Flex Chairman of the Board, said, "Chuck Stevens and Jill Greenthal are both highly respected and experienced finance executives. We welcome their leadership, insight and advice to the Flex Board."
The elections to the Flex Board took effect on November 14, 2018. Mr. Stevens has been appointed to the Audit Committee of the Board, and it is expected that Ms. Greenthal will be appointed to a new finance and investment committee of the Board upon its formation. The addition of Mr. Stevens and Ms. Greenthal brings the number of independent Board members to nine.
Chuck Stevens retired as CFO for General Motors in September 2018, after a 40-year career at the company. From 1994 to 2005, he held several leadership positions in General Motors' Asia Pacific Region, including China, Singapore, Indonesia and Thailand. He returned to North America in 2006 and assumed the role of CFO for General Motors Canada, GM Mexico in 2008 and CFO of GM North America in 2010. In 2014, Stevens was named Executive Vice President and CFO of General Motors Corporation, where he was responsible for leading the company's financial and accounting operations worldwide. Chuck has also served as a director of the board of Masco Corporation since February 2018. He received his Bachelor of Industrial Administration from General Motors Institute (now Kettering University) and MBA from the University of Michigan, Flint.
Jill Greenthal has more than 30 years of experience advising and financing some of the world's leading media, technology and telecommunications companies. As an investment banker, she held senior positions at Lehman Brothers, Donaldson Lufkin and Jenrette and Credit Suisse. She also was a Senior Managing Director at Blackstone before taking on her current role with the private equity group as a Senior Advisor. Ms. Greenthal has more than a decade of public company board experience, currently serving as a director on the board of Akamai Technologies, Cars.com and Houghton Mifflin Harcourt. She is a graduate of Simmons College and received an MBA from Harvard Business School.
About Flex Ltd.
Flex Ltd. (Reg. No. 199002645H) is the Sketch-to-Scale® solutions provider that designs and builds Intelligent Products for a Connected World®. With approximately 200,000 professionals across 30 countries, Flex provides innovative design, engineering, manufacturing, real-time supply chain insight and logistics services to companies of all sizes in various industries and end-markets. For more information, visit flex.com or follow us on Twitter @Flexintl. Flex - Live SmarterTM
Investors & Analysts
Kevin Kessel
408-576-7985
kevin.kessel@flex.com
or
Media & Press
Paul Brunato
(408) 576-7534
paul.brunato@flex.com
New Flex Logo. (PRNewsFoto/Flex)
https://investors.flex.com/company-news/press-release-details/2018/Flex-Appoints-Charles-Stevens-And-Jill-Greenthal-To-Board-Of-Directors/default.aspx