Multi-Fineline Electronics (MFLX)
From Cabot Wealth Advisory, 1/30/09 Sign up for free Cabot Wealth Advisory e-newsletter
This stock used to be in the portfolio of the Cabot China & Emerging Markets Report before it fell off the earnings wagon. It's Multi-Fineline Electronix (MFLX), a company with headquarters and R&D facilities in California, and manufacturing in China and Malaysia. The company's specialty is flexible circuits, the kind that connect the two halves of clamshell cell phones. Multi-Fineline's circuits are also found in hand-held scanners, and an increasing number of small electronic devices. By putting a high density of features on a thin, flexible substrate, the company's circuits allow devices to become even smaller.
MFLX was a great stock back in 2005, but it started a hard fall in 2006, dropping from 67 in March to 10 in August 2007, as earnings shrank. After a recovery to 29 in mid-2008, the bear stomped on the stock and it plummeted to 7 in November. Since then, the stock has made a stunning recovery, soaring for 10 straight weeks to near 20.
Third quarter earnings featured a 467% jump in earnings on just a 28% boost in revenues. Q4 results will come out on February 5, and investors are obviously anticipating good news.
Editor's Note: Multi-Fineline Electronix is just one example of the amazing performance that can lift stocks with big emerging markets exposure. Hot stocks like this are the bread and butter of Cabot China & Emerging Markets Report. If you'd like to receive excellent, timely advice on how to play the volatile emerging markets, a no-risk trial subscription is just a click away: Cabot China & Emerging Markets Report
Emerging Markets Specialist, Analyst and Editor of Cabot China & Emerging Markets Report
A researcher and writer for over 30 years, Paul Goodwin has been a member of the Cabot investment team and editor of Cabot China & Emerging Markets Report since 2005. Under Paul’s stewardship, Hulbert Financial Digest rated Cabot China & Emerging Markets Report the number-one-rated newsletter of 2006 with a 78.6% gain for the year, the number-one-rated newsletter of 2007 with a 74.1% return, and the top-performing investment adivsory for five years with a 17.9% annual return.
|Multi-Fineline Electronix (MFLX)
3140 East Coronado Street, Suite A
Anaheim, California 92806
|Index Membership: N/A |
Industry: Printed Circuit Boards
Full Time Employees: N/A