Audiovox (VOX) looks interesting
From Yahoo Marketguide:
Audiovox Corp. markets and supplies a diverse line of portable
and vehicle cellular telephones and accessories, automotive
sound and security equipment, cruise controls, mobile video,
and other automotive aftermarket accessories.
For some time, I never quite figured out what Audiovox did.
It seemed to be a holding company (with a position in Cellstar)
that sold some type of cellular phone equipment. The stock
price has gone nowhere over the past five years, and the stock
has been selling well below sales and book value, with an
earnings history that was nothing to write home about.
However, over the past eight months or so the stock has
doubled, there have been positive earnings surprises the
last couple quarters, and I keep hearing Ads on my radio
station here in Houston for sleek new Audiovox cellular
phones from Primeco. (I hear similar ads are airing in
Chicago.) The stock is also still selling well below
sales and book value.
I don't know about the long term prospects of this company,
but over the short term at least it looks like it has
some decent prospects. Any comments?
MC |
