Multi Fineline Electronix (MFLX) was sold from the Zacks Elite Focus List portfolio earlier today. In doing so, we realized an approximate one-month gain of 5.5%, versus essentially no change in the S&P 500 (SPX) over the same period.We sold the stock because a change in the company's outlook. In early January, the company said that "strong customer demand for its products is continuing into the fiscal second quarter". In today's press release, CEO Reza Meshgin took a more cautious tone, stating "recently we have begun to see softness in customer orders."Given the change in the outlook, we did not believe it was prudent given the current economic backdrop to continue holding onto the stock - especially given the good return we realized in our position.

"MFLX" Free Stock Analysis: Buy? Sell? Hold?"SPX" Free Stock Analysis: Buy? ...

Though the January employment numbers were ugly, they were not surprising. The unemployment rate jumped to 7.6%, its highest level since 1992. Approximately 598,000 jobs were shed. Bloomberg News calculated that we are in the biggest employment slump since World War II.

What is surprising is the pace at which the economy is contracting.

During the first-half of 2008, the unemployment rate averaged 5.15%. Since then, things have gone downhill. It took the employment rate just 9 months to rise from 5% (April) to 7.2% (December).

GDP has deteriorated at an equally fast rate. The economy grew at a 2.8% pace in the second quarter. In the fourth quarter, the economy contracted 3.8%.

Other economic data show a similar story. For example, the ISM Manufacturing survey plunged from 49.5 in July to 35.6 last month. As a friend of my said last night, it's not the economy that is hurting

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Multi-Fineline Electronix, Inc. (...

Multi-Fineline Electronix, Inc. (NASD: MFLX), a leading global provider of high-quality, technologically advanced flexible printed circuit and value-added component assembly solutions to the electronics industry, recently announced the company’s financial results for its fourth fiscal quarter ended September 30, 2008. Net sales in the fourth quarter totaled $213.1 million, an increase of 27.8 percent from net sales of $166.7 million during the corresponding period one year earlier.

Net income for the fourth quarter of fiscal 2008 jumped to $7.6 million, or $0.30 per diluted share, compared to net income of $3.0 million, or $0.12 per diluted share, for the same period in fiscal 2007. For the fiscal year ended September 30, 2008, net sales increased 43.4 percent to $728.8 million and net income in fiscal 2008 climbed to $40.5 million, or $1.59 per diluted share, compared to net income of $3.0 million, or $0.12 per diluted share, in fiscal 2007.

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