Alan Brochstein, CFA
Contrarian, growth at reasonable price, management change, cannabis stocks

Multi-Fineline Electronix: On Sale For Good Reason

Several years ago, I followed Multi-Fineline Electronix (NASDAQ:MFLX) as a smartphone play. Offering assembly and its flexible printed circuits, the company seemed poised to benefit from the proliferation of new mobile devices that used content valued at up to 3X what the previous phones needed. The company failed to benefit from the growth that transpired, and, after a series of disappointing quarters, is now priced very inexpensively. Despite a huge cash balance and a valuation below tangible book value, MFLX doesn't appear to be timely.

Background

Based in Irvine, CA, MFLX operates facilities in China, England, Korea, Taiwan and Singapore, offering its services to Apple (NASDAQ:AAPL) as well as several EMS providers like Foxconn Electronics, Jabil...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
WITH SEEKING ALPHA PRO, INVESTORS CAN ALSO:
  • Access Top Ideas, chosen by Seeking Alpha’s editors
  • Filter long and short ideas by market cap and sector
  • Get Coverage of over 5,000 stocks, many of which have little or no coverage elsewhere
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO." Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else." Patrick Rice, Mainstay Capital Management
100% Satisfaction Guaranteed
Money back guarantee. Seeking Alpha PRO members receive a no-questions-asked refund for membership on months paid and not used. Details