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VOXX International Corporation Message Board

  • jrad52 jrad52 May 12, 2014 4:02 PM Flag

    Company presentations coming up

    The company has announced 2 presentations by management at investor conferences later this month. I am slightly hopeful that this is a sign that the Q4 numbers won't be as bad as I'm afraid they will be. We'll see on Wednesday.

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    • Yeah, it's hard to imagine that they would want to go address the public on May 20th and on May 28th if they had just released a disastrous quarter (and fiscal year end).

      I think it's worth noting that Kahn Brothers recently divulged they have added to their position in VOXX. They are a value based organization, usually hold investments for long periods, and are confident enough that they have a sizable percentage of their portfolio invested with VOXX.

      Sentiment: Buy

      • 1 Reply to principletrade
      • I wasn't sure that was right, but it is. The Kahn Bros reduced their ownership in Voxx during 2013 from 2,317,152 shares to 1,679,342 shares. But they just filed their 3/31/14 ownership and it's up to 2,083,294 shares. I guess if I went back to Kahn's quarterly filings, I could tell how well they selling shares in 2013, but for now I'll just guess that they bought them back cheaper in Q1 2014.

        Anyway, we'll find out tomorrow night just how bad the Q was. I sure hope the problem was 1-off things like Venezuela. Or maybe that's there no problem at all.

    • Something I wanted to mention, the automotive segment is the largest of the three segments for VOXX, Ford is one of the OEM's using Voxx electronics, and their sales were up 30% year-over-year in China in April. Auto sales in the US have been strong too. Nissan showed good numbers in April too.

      I don't think consumer audio will be very good.

      Accessories will certainly have significantly lower revenues.

      I haven't got any idea what the bottom line will look like. Venezuela may hurt on currency devaluation.

5.75+0.01(+0.17%)Nov 25 4:00 PMEST