Professional
Added to YB: 2024-10-10
Pitch date: 2024-10-09
VOXX [bullish]
VOXX International Corporation
+28.09%
current return
Author Info
ASB Partners invests in cheap, growing, and durable stocks, and shares writeups via their newsletter. Sign up for the newsletter.
Company Info
VOXX International Corporation manufactures and distributes automotive electronics, consumer electronics, and biometric products in the United States, Europe, and internationally.
Market Cap
EUR 179.6M
Pitch Price
EUR 6.23
Price Target
10.00 (+25%)
Dividend
N/A
Sector
Household Durables
Category
special_situation
ASB Partners Portfolio Holding: VOXX International Corporation
VOXX: Gentex offered $5.50/share (50% premium) for VOXX, acquired 27% stake. Interested in EyeLock's iris biometrics for auto integration. Likely higher offer coming. Turnaround underway with asset sales, deleveraging. $10/share potential based on recent transactions. Asymmetric upside from $6.30, floor at $5.50.
Read full article (4 min)