Where Does Flex (FLEX) Value Sit After Its AI Power Deal?

Flex Ltd. has been on a powerful multi year run, and with the stock now near recent highs, the real question for investors is whether today's valuation is still grounded in the cash the business can generate. Flex has delivered a very large 5 year share price gain of about 7x, which puts a lot of weight on whether its future cash flows can continue to support that kind of market value. The planned US$4.4b acquisition of EPC Power and the later spin off of Axiom Solutions may support higher...