Glenview Capital Boosts Flextronics Stake ~ market folly

Friday, May 9, 2014

Glenview Capital Boosts Flextronics Stake

Larry Robbins' hedge fund firm Glenview Capital has filed an amended 13G with the SEC regarding their position in Flextronics (FLEX).  They've disclosed they own 11.86% of the company with 70.1 million shares.

The filing was made due to activity on May 5th and this marks an increase of 9.95 million shares since the end of 2013 when they owned 60.1 million shares.

If you missed it, Larry Robbins just pitched ideas at the Sohn Conference as well.

Per Google Finance, Flextronics is "is a global provider of global supply chain solutions, through which the Company designs, build, ship and services a packaged electronic product to original equipment manufacturers (OEMs) in the markets, which include High Reliability Solutions (HRS), which is consists of its medical, automotive, defense and aerospace businesses; High Velocity Solutions (HVS), which includes its mobile devices business, including smart phones, and consumer electronics, including game consoles, high-volume computing business, including notebook personal computing (PC), tablets and printers; Industrial and Emerging Industries (IEI), which is consists of its household appliances, equipment, and industries businesses, and Integrated Network Solutions (INS), which includes its telecommunications infrastructure, data networking, connected home, and server and storage businesses."

blog comments powered by Disqus