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Wednesday, September 19, 2012

Potentially Oversold Level Reached (NASDAQ: FLEX)

Shares of FLEX fell by 0.63% or $-0.04/share to $6.30. NASDAQ is trading at a price to book ratio of 1.88. The PEG is 0.6 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.15. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 3701750 shares of FLEX exchange hands on a given day and today's volume is recorded at 4507498. These factors combined may make this company a potential takeover candidate. Value investors may have an eye on this one, especially if the stock gets cheaper.

Flextronics International Ltd. (Flextronics) is a global provider of vertically integrated advanced design and electronics manufacturing services (EMS) to original equipment manufacturers (OEMs).