Sometimes you can find great investment opportunities from companies that recently listed on the stock market. That said, I like to see a new issue trading on the stock market for at least six months before considering its story.

During the technology boom several years ago, initial public offerings (IPOs) were all the rage. Institutional investors were making all sorts of money by getting shares in the hottest IPOs. The market was so hot back then that stock prices often doubled from their original IPO prices in the first week of trading.

One relatively new issue on the stock market that looks interesting to me these days is Multi-Fineline Electronix Inc. (NASDAQ/MFLX). The stock's been trading on the NASDAQ for about a year and a half, and it has done very well, up almost fourfold from its IPO price around $10 per share.

It's important not to get turned off by a stock that's already doing great on the stock market -- its history is telling you something -- that the company is really successful!

MFLX engineers and manufactures printed circuit boards and other components that are used in mobile phones, other mobile devices, bar code scanners, personal digital assistants, power supplies, and medical sensors. The company is based in Anaheim, California, and it sells to original equipment manufacturers in the electronics industry.

In the company's latest financial report, its revenues for the fiscal year ended September 30, 2005 grew an impressive 41% to $357.1 million, while its net income increased 45% to $37.2 million, or $1.51 per diluted share.

MFLX is a company that's on the growth path, and the stock is currently experiencing solid upward momentum. My best guess is that this upward trend will remain intact as the company expects solid growth ahead in 2006. It's great to see a company (and a stock) do well, right from its initial public offering. These guys must be doing something right!