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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Ben Wa who wrote (11769)	1/10/2001 1:27:12 PM
From: Bob Rudd	Respond to of 78486

Ben<<I would not suggest buying voxx based on earnings grwth at all. All I care about is the company being profitable.>> Nokia has just taken a hit. They're coming after the CDMA market. Their phones are designed to have common parts so costs will be lower. Their margins are dramatically higher than VOXX. They have a very strong brand & reputation. VOXX is either going to lose market share rapidly or lose market share more slowly by meeting price/marketing challenges at the expense of already skinny margins. Either way profitability declines. This [and the accounting issues mentioned by Don] is why the price is so low, IMO. I could be wrong about this and VOXX may be decent play...for play money, but I wouldn't bet a chunk on it unless there's a major moat that keeps NOK out of VOXX's CDMA sandbox.