MFLX ==> The Exelauno Day Winner

[sisterwin2]

I seem to walk away from the PC too long and really took a killing.....

again.... did not learn from my old mistakes..

NO STOP.

any one see any way for recoverery here with MFLX?

[New-born baby]

I seem to walk away from the PC too long and really took a killing.....

again.... did not learn from my old mistakes..

NO STOP.

any one see any way for recoverery here with MFLX?

Sis,
MFLX doesn't look too bad here. In other words, there is current Resistance at $17.50. Whenever MFLX can make it over that hurdle, it is possible she can run to $25. But a return to $68.50, well now, that's another issue altogether. "Not in the foreseeable future" is all the chart says right now.

[mrmarket]

Nice move today..sure beats a sharp stick in the eye!

[New-born baby]

Nice move today..sure beats a sharp stick in the eye!

Hey, its over its 50 day moving average! I like it to . . . . $33.

[jiesen]

earnings are what matters...

Go MFLX!

http://biz.yahoo.com/ap/080506/earns_multi_fineline_electronix.html?.v=1

Multi-Fineline Electronix fiscal 2Q profit soars on sales
Tuesday May 6, 5:30 pm ET
Multi-Fineline Electronix fiscal 2nd-quarter profit more than triples, topping analyst view ANAHEIM, Calif. (AP) -- Electronics components manufacturer Multi-Fineline Electronix Inc. said Tuesday its fiscal second-quarter profit more than tripled due to higher sales to three of its key customers, beating analyst estimates.

For the quarter ended March 31, net income rose to $10.4 million, or 41 cents per share, from $3.1 million, or 12 cents per share, in the prior-year quarter.Analysts polled by Thomson Financial expected profit of 27 cents per share.
Revenue rose 45 percent to $163.9 million from $113.4 million in year-ago quarter. Analysts predicted revenue of $152.5 million.
Multi-Fineline said it also expects sales in its third quarter to be roughly equivalent to its second quarter revenue. Analysts expect third quarter revenue of $162.2 million.
Shares jumped $2.92, or 15.6 percent, to $21.60 in electronic after-hours trading. During regular trading, shares rose 47 cents to close at $18.68. Shares have ranged from $9.70 to $24.14 over the past year.

[mrmarket]

The Razor's Edge is baaaack!!!

Multi-Fineline Electronix fiscal 2Q profit soars on sales
Tuesday May 6, 5:30 pm ET
Multi-Fineline Electronix fiscal 2nd-quarter profit more than triples, topping analyst view


ANAHEIM, Calif. (AP) -- Electronics components manufacturer Multi-Fineline Electronix Inc. said Tuesday its fiscal second-quarter profit more than tripled due to higher sales to three of its key customers, beating analyst estimates.
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For the quarter ended March 31, net income rose to $10.4 million, or 41 cents per share, from $3.1 million, or 12 cents per share, in the prior-year quarter.

Analysts polled by Thomson Financial expected profit of 27 cents per share.

Revenue rose 45 percent to $163.9 million from $113.4 million in year-ago quarter. Analysts predicted revenue of $152.5 million.

Multi-Fineline said it also expects sales in its third quarter to be roughly equivalent to its second quarter revenue. Analysts expect third quarter revenue of $162.2 million.

Shares jumped $2.92, or 15.6 percent, to $21.60 in electronic after-hours trading. During regular trading, shares rose 47 cents to close at $18.68. Shares have ranged from $9.70 to $24.14 over the past year.

[mrmarket]

All Gooooood news

MFLEX Reports 61% Year-Over-Year Increase in Net Sales for Third Quarter Fiscal 2008
Tuesday August 5, 4:30 pm ET
Customer diversification efforts gain further traction as four customers each represent more than 10% of the Company's net sales


ANAHEIM, Calif., Aug. 5 /PRNewswire-FirstCall/ -- Multi-Fineline Electronix, Inc. (Nasdaq: MFLX - News), a leading global provider of high-quality, technologically advanced flexible printed circuit and value-added component assembly solutions to the electronics industry, today reported financial results for the three and nine months ended June 30, 2008. Net sales in the third quarter of fiscal 2008 were $167.6 million, an increase of 61.0 percent from net sales of $104.1 million in the same period of the prior year. This represents the second highest quarterly net sales in the Company's history and the highest sales ever for a third quarter. The increase in net sales was primarily due to higher sales to three of the Company's key customers. MFLEX's key customers currently include four of the leading OEMs which manufacture portable electronic devices.
Sequentially, from the second quarter to the third quarter of fiscal 2008, net sales increased 2.2 percent, which was in line with the Company's expectations. Net sales in the third quarter of fiscal 2008 were positively impacted by growth in new and continuing programs for smartphones, which were partially offset by lower volumes produced for more mature mobile phone programs.

Net income for the third quarter of fiscal 2008 was $8.8 million, or $0.34 per diluted share, compared to a net loss of $6.7 million, or ($0.27) per diluted share, for the same period in fiscal 2007. Net income for the third quarter of fiscal 2007 was negatively impacted by the recognition of a $7.8 million before tax expense related to terminated acquisition costs.

Sequentially, net income declined 15.3 percent from the second quarter to the third quarter of fiscal 2008, primarily due to lower gross margin, which was partially offset by a lower foreign exchange loss and a lower effective tax rate.

"We are pleased with the continued growth and diversity of our sales mix," said Reza Meshgin, MFLEX's president and chief executive officer. "We believe we are benefitting from our focus on the high end of the portable electronic device market, which is where certain customers are seeing strong demand for their new products. This demand has resulted in a number of significant new programs for the Company.

"During the third quarter, our gross margin was negatively impacted by investments to expand our production capacity and temporary inefficiencies caused by adding and transferring manufacturing personnel to programs that are ramping in volume. While the new programs have had an adverse effect on gross margins, we believe they provide us with good visibility on continued near-term revenue and earnings growth as the programs mature and we deepen our relationship with these OEMs," said Meshgin.

Financial Highlights

Gross margin during the third quarter of fiscal 2008 increased to 13.8 percent, from 4.6 percent for the same period in the prior year. The increase in gross margin is primarily attributable to a favorable product mix, improved yields and the higher volume favorably impacting overhead absorption, offset by pricing impacts.

Sequentially, gross margin declined from 17.6 percent in the second quarter of fiscal 2008. The sequential decline was primarily due to costs associated with expansion of the Company's production capacity in anticipation of an expected increase in sales in future quarters, as well as temporary inefficiencies resulting from the addition and transfer of manufacturing personnel to programs that are ramping in volume. MFLEX continues to believe that its targeted sustainable gross margin range is 10 to 15 percent. Nevertheless, the Company expects that its gross margin may be outside this range from time to time-either above or below-for a variety of reasons, including changes in its product mix and learning curves associated with new programs.

Cash flow from operating activities for the third quarter of fiscal 2008 was $17.5 million. This compares to $26.1 million in the comparable period in fiscal 2007. Cash flow from operating activities in the third quarter of fiscal 2007 benefited from lower accounts receivable coupled with an increase in accounts payable compared to the third quarter of fiscal 2008.

The effective tax rate in the third quarter was 14.4 percent. The lower than normal effective tax rate was due to a change in estimate of the total year 2008 tax rate as a result of a higher proportion of income in operations with lower tax rates.

For the first nine months of fiscal 2008, net sales increased 51.0 percent to $515.7 million from $341.4 million during the same period in fiscal 2007. Net income increased to $32.8 million, or $1.29 per diluted share, compared to net income of $7,000, or $0.00 per diluted share, in the same period in fiscal 2007. The substantial increase in net income in fiscal 2008 was driven by higher gross profit, as well as the elimination of expenses related to a terminated acquisition that negatively impacted fiscal 2007 results.

Capacity Expansion

The Company continues to proceed with the planning and design phase of the new MFC3 manufacturing facility. The Company now expects MFC3 to be fully operational late in the third quarter or early in the fourth quarter of fiscal 2009, with construction now expected to begin in September 2008.

An additional satellite facility for assembly manufacturing has been added in Suzhou, China. The Company expects that the new assembly manufacturing facility will become fully operational during the fourth quarter of fiscal 2008. Total capital expenditures related to the expansion of the Company's satellite facilities, all of which the Company leases, are expected to be approximately $22 million, $5.4 million of which was incurred during the third quarter of fiscal 2008, with the remainder expected to be incurred in the fourth quarter of fiscal 2008.

"The new satellite facility will enable us to bring on additional just-in-time capacity to accommodate the increased manufacturing volumes we are projecting in the near-term," said Meshgin. "We anticipate that our continued progress on MFC3 will ultimately provide the capacity to expand our volume of business with current customers, as well as more aggressively pursue new OEM relationships."

Outlook

For the fourth quarter of fiscal 2008, MFLEX expects net sales to be significantly higher than the third quarter of fiscal 2008, while gross profit as a percentage of net sales is expected to be similar to the third fiscal quarter. The sequential quarter growth in net sales is primarily expected to come from the ramp-up of new programs for smartphones.

During the fourth quarter of fiscal 2008, the Company expects to take additional steps to improve its longer-term cost structure and increase efficiencies. In an effort to reduce overall costs, the Company recently made the determination to transfer its Tucson, Arizona operations to its headquarters in Anaheim, California. As a result, the Company expects to record a fourth quarter non-recurring charge of $1.5 to $2.0 million, net of tax, or approximately $0.06 to $0.08 per diluted share. With this action, MFLEX expects to realize annual cost savings of approximately $2 to $3 million.

In addition, during the fourth quarter, the Company also expects to continue its international restructuring efforts and transition various business functions to Singapore to better align these activities with the Company's Asian operations. This restructuring is expected to result in a fourth quarter non-recurring tax expense of $6 to $8 million, or approximately $0.24 to $0.32 per diluted share. In addition to enhanced operational efficiencies, this restructuring is expected to reduce the Company's future effective tax rate, with partial benefits expected to begin as early as fiscal 2009.

[New-born baby]

MFLX chart says $5 per share is in the future. This is one strange company.
Everytime it has a good report, the price drops 33%.