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VOXX International Corporation (VOXX)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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21.16-0.17 (-0.80%)
At close: 4:00PM EST
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  • S
    Sage
    I use EBITDA multiples rather than multiple of sales. If you like 9x (seems reasonable to me, but predicated on growth rate and whether annualizing a single quarter is "reasonable") , the 24M x 4 x 9 = 864. Subtract debt of 6M results in market cap of 858M divided by 27M shares = $31.77.
  • t
    titan
    Looks like this stock had an amazing run $1.83 to $23 in a short period.
    So, looking at the SEC filing today. Company is warning about difficulties in some segments even though revenue is higher. The big problem seem to be drain in the cash balance.
    Cash balance went down from $58 million 9 months ago to just $21 million now.
    At this rate, expect cash raise thru equity offer, imo.
    Probably, this is a good short. But, watch it closely.
  • S
    Sage
    I don’t usually like to say anything directly to shorties (after all it takes both to make a market), but, folks, it’s a whole new day.

    Some key points:
    - Cash went down only because they paid off all their debt and they built inventory to support orders in the pipeline.
    - Although Q3 is traditionally the strongest quarter, they guided for sequential stability, if not growth.
    - Growth was significantly driven by a couple of recent acquisitions. Since they didn’t need any outside capital to accomplish that, the product lines/customer base is now broader and hence, more sustainable. Put another way, the Company used its retained earnings to reinvest in the business. And it seems like they got some good value for their money.
    - Plus, they’ve got plenty of dry powder and are still in the market for more opportunities. My sense from the call is that integration of the newly acquired businesses was smooth.
    - The deal to offload (60% of) Eyelock is moving ahead. Even with recent growth and theoretical upcoming contracts, that’s a very small revenue generator, with significant operating losses. So just getting it off the financial statements will be a positive, plus whatever they get for it. (I’ve previously postulated that they will get back some of Mr. Kahli’s shares, which will be accretive.)

    I previously posted about annualizing Q3 to get a back-of-the-envelope number ($35/share using 9x EBITDA). You might not want to annualize a single quarter, but I get the feeling that these numbers have some durability, so my own view is that that’s not too far off. You can and should make your own valuation theses.

    Sage
  • D
    DB
    it is going down. SEC filing: We typically experience seasonality in our operations. Our business is significantly impacted by the holiday season, as we generally sell a substantial amount of our products during September, October and November due to increased promotional and advertising activities during the holiday season
  • j
    jgriesler
    Earnings after close Monday....good news will send it to 20
  • G
    GOTBBQ
    What's a normal market cap? 3x sales?
  • D
    Debbi
    Congrats to all us long-term investors who had the patience to hold this stock for $20 and beyond. It’s certainly been a volatile ride, but we knew this day was coming.
  • G
    GOTBBQ
    $530 mil market cap what was revenue again?
    Valuation correction is inevitable here. Saw smart shorts covering at 22 -23 yesterday.
  • M
    Maurizio
    $50 today
  • G
    GOTBBQ
    Guidance looking strong hoping for some info on eyelok merger and contracts!
  • G
    GOTBBQ
    There's no reason this couldn't be at a $2bil market cap (in this current market LOL)
    $400m 9 months revs $500m market cap
  • S
    Satnam
    $500 stock now
  • P
    Prabjot
    why its going down!
  • G
    GOTBBQ
    Hello $20
  • M
    Malek
    Buckle your seats boys and girls. This unicorn is gonna fly
  • G
    GOTBBQ
    Looks like some action this morning...shed a couple shares so it will fly now lol
  • K
    Kemar
    Someone is unwinding their position. Could it be Beat Kahli? Did he not get d asset which has potential given the pandemic?
  • Y
    Yahoo Finance Insights
    VOXX reached a 52 Week high at 20.88
  • B
    Bruno
    $RIG conversation
    Kemar
    last month
    $VOXX conversation
    Largest holders gonna start dumping as they know these levels cant be sustained. Election...covid. Can fall back to $6.55 anytime.
  • Y
    Yahoo Finance Insights
    VOXX reached a 52 Week high at 23.85