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Universal Security Instruments Inc. Message Board

  • mmmparsley mmmparsley Jun 17, 2012 1:45 AM Flag

    Earnings release less than 2 weeks away.

    At these prices, I think it's worth dipping my toe into UUU.

    It's not easy to get into the CO2/smoke alarm market. It's a pretty cheap price to pay right now for their current assets, licenses, patents, US business, and the HK Joint Venture.

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    • Earnings for the quarter and the year were a disappointment (so said the CEO). Europe will not improve for a while (?when). Cash is down and inventory is up -- both significantly and not good things. Anyone see some light in the new products. Have the IOPHIC alarms been well received and when will sales increase?

      • 1 Reply to drdave01
      • Cash is down...

        they've invested significantly in the new prodcuts.

        Buyback is limiting the float and reducing cash, but inventory buildup was to be expected as they stock up for expected demand of their newer, higher margin smoke and CO2 alarms.

        Nothing exciting at the moment, but that probably makes it a good time to buy. In a few years, I doubt we'll be anywhere close to these levels if the new products gain any traction.

        I'm back in starting 2-3 weeks ago. Patience will win the day here.

3.000.00(0.00%)Aug 23 2:15 PMEDT