Added to YB: 2024-09-06
Pitch date: 2024-09-05
NSSC [bearish]
Napco Security Technologies, Inc.
-25.3%
current return
Author Info
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Company Info
Napco Security Technologies, Inc. engages in the development, manufacturing, and sale of electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally.
Market Cap
$1.4B
Pitch Price
$33.59
Price Target
13.00 (-69%)
Dividend
1.39%
EV/EBITDA
25.99
P/E
32.82
EV/Sales
7.17
Sector
Electronic Equipment, Instruments and Components
Category
N/A
Fuzzy Panda Research - Short Napco (NSSC) - Former Employees Allege Accounting Fraud
NSSC short: Former employees allege accounting fraud, hiding COGS in inventory for years. Industry experts say 90% service margins 'unfeasible'. Radio sales declining 18% YoY for 6 quarters, leading indicator for recurring revenue. CEO/CFO sold 70-80% of shares ($200M+). Opaque accounting, material weaknesses. Lapping one-time boosts. 45-70% downside at 9x sales.
Read full article (25 min)