Mark Yagalla
Gold, currencies, macro, commodities

Strong FCF And Share Buybacks Make Flextronics International A Compelling Investment

Flextronics International (NASDAQ:FLEX) remains one of the cheapest investments around. This contract manufacturer of Xbox consoles, Google Chromecast, IBM Servers and Android smartphones has been steadily rebounding since the depths of the financial crisis. However, shares remain in deep value territory and things are looking up after the company reported both a stellar Q4 and full year results for FY14.

Flextronics International gave me further optimism on the company when it raised its outlook for Q1. And while shares are off the lows of $2 last seen in 2008, shares are still trading below pre-crisis levels. Considering the company's financial position and strength of its business, this is a great opportunity for long-term investors.

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