Paul Meeks owned a bunch of Flex stock in the 1990s. Made money. Left. Now he's back because the company plans to spin off Axiom, its AI infrastructure business, in 2027.
That's two years away. He's bullish now. Based on a spinoff that hasn't happened yet. For a business segment riding data center power demand. Which everyone and their f*cking grandma is already pricing in.
Flex makes components. Has for decades. Suddenly they've got an AI infrastructure play worth spinning off. Meeks sees this and thinks "I remember this movie." He loved the sequel to The Hangover too.
The thesis is simple. Data centers need power. Axiom does something related to that. Therefore: upside. You could replace "Axiom" with "a guy named Randy who sells extension cords" and the logic holds just as well.
Spin-offs take time. Management has to file. Regulators have to approve. Investment banks have to wet their beaks. Two years is fast for corporate America, which moves like a sedated manatee. But Meeks is bullish today. Can't wait for the actual event. Needs to tell people now.
This is the investing equivalent of getting back together with your high school girlfriend because you heard she got a gym membership. She hasn't gone yet. Starts in 2027. But you remember she looked good in the '90s, so you're all in.
Retail traders will read this and think "former big shareholder plus AI spinoff equals can't miss." They'll buy Flex shares. Hold them for eighteen months. Watch the stock do nothing. Panic sell a month before the Axiom spinoff. Then watch Axiom pop 40% on day one.
Meeks will cash out early, write a Medium post about patience, and disappear until the next time he remembers he used to own something.
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