Added to YB: 2025-07-17
Pitch date: 2025-07-15
MEI [neutral]
Methode Electronics, Inc.
+8.47%
current return
Author Info
No bio for this author
Company Info
Methode Electronics, Inc. designs, engineers, produces, and sells mechatronic products internationally.
Market Cap
$236.6M
Pitch Price
$6.43
Price Target
N/A
Dividend
4.17%
EV/EBITDA
9.79
P/E
-3.79
EV/Sales
0.46
Sector
Electronic Equipment, Instruments and Components
Category
special_situation
Methode Hit With Second Subpoena in a Year, Violates Debt Covenants
MEI (SEC red flag): Second SEC subpoena (March 2025) investigating foreign operations, FCPA compliance, internal control weaknesses, financial reporting issues. Investor lawsuit alleges CEO/CFO lied about EV component transition & Mexico operations. Lenders cut credit line 20% after debt covenant violations. Down 79.1% since DuDil's 2023 revenue recognition alert.
Read full article (2 min)