Every now and then, I stumble upon a very interesting situation. MFLX just happened to be the top-performer of the day in my little scanning universe - up 16%. I don’t always look more closely at this kind of hyper-activity, but I found an interesting set of stats on this one. Warning - this list is not for the faint of technically-inclined heart. As you will see, this kind of talk is practically heresy on Mike’s site. However, I cannot resist as I “threatened” Mike that I would drop some fundies on him out in public. >:D

Trailing P/E: 14.49
Forward P/E (fye 30-Sep-05): 10.47
Price/Sales: 1.16
Price/Book: 1.90
Total Debt/Equity: 0.169

Without knowing anything else, this stock sure looks cheap to me. Of course, this company is in the printed circuit board business, so it probably deserves to be cheap.

But the story looks even better when we look at who’s buying this tiny company.

On June 30th, the CEO, CFO, AND Vice President bought a total of 23,600 shares for at a price of $10/share. This is all the more interesting given that the stock had just started publicly trading, and it even tumbled as low as $6 and change before today’s remarkable performance. But these executives have had a lot of help. Turns out that the big boys, the institutions, have been loading up on this puppy…to the tune of a cool 3,341,000 net increase in shares from this quarter to the last. This is all the more impressive given this represents a 50% increase in institutional ownership. When we wonder whether the market knows something we ought to know, you almost can’t get a better example of the affirmative with MFLX!

Now, having said all that, I must admit I know little else about this company. There is no news that is immediately available to explain today’s move or why this stock appears so attractive to so many. I don’t even know the circumstances under which MFLX began trading! So, I must set you loose to do the rest of your own due diligence. Myself? I am jotting this one down in my notebook and turning on my eagle eyes.