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Flextronics International Ltd. Message Board

  • romekay romekay Aug 25, 2008 1:58 PM Flag

    Doesn't seem like FLEX is buying back shares

     

    stock is down from the time they announced the buyback. How could $1B buyback affect the PPS negatively?

    Everything this company does is unusual.

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    • Doesn't make sense to me either. They said that the execution of the buyback would be influenced by a number of factors, particularly the price of the stock and market conditions. The only reason I could see them sitting on the side here is because their "experts" are predicting a further drop in overall markets and commodities.

      As far as the stock price goes, how much lower do they think they're going to drop? Not executing a buyback at this price does not give me a confident feeling. One would think with the sizable buyback, that they would start nibbling every time it dropped below 9.

 
FLEX
12.38-0.15(-1.20%)4:00 PMEDT