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7/10/12After-market Movers For July 10 (BBY, CYS, HGG, VOXX) (Penny Stock DD)

. (HGG: News ) fell 22 percent to $9.00. The company expects to report a wider loss for its first quarter. The company estimates net sales to improve 13.5 percent, but to miss Wall Street view. The company said its first quarter 2013 results were negatively impacted by lower than [...]

3/8/12Exited $VOXX – 93% Gain in 6 Months (Value Stock Guide)

I recently exited VOXX Intl stock (VOXX) at $12.56/share. The stock was originally purchased on Aug 31, 2011 and with subsequent purchases there after, my average cost in the stock was $6.48/share. This sale netted me about a 93% gain in a little over 6 months of holding. This includes the commissions paid. The [...]

2/9/12[Member] VOXX Acquires Hirschmann (Value Stock Guide)

Today VOXX International (VOXX) announced that it is acquiring Car Communication Holding GmbH of Germany for a total consideration of Euro 85 million. Car Communication  Holding, and its subsidiaries (Hirschmann)  supplies communication and infotainment solutions (rear seat entertainment, GPS, etc) to automotive OEMs such as Audi, BMW, Daimler, Volkswagen, PSA, Renault, etc. VOXX expects [...]

1/9/12[Member] Upping the Price Target for VOXX (Value Stock Guide)

VOXX International Corp (formerly known as Audiovox) reported its Q3 2012 earnings today. Here is a brief synopsis: - 3Q12 sales up 26.7% with the addition of Klipsch and continued OEM growth - 3Q12 gross margins of 28.9%, up 770 basis points - 3Q12 operating income of $18.4 million, a $13.0 [...]

10/11/11[Member] Portfolio Company Reports Q2 Earnings, YOY Net Income Rises 400% (Value Stock Guide)

Its Q2 2011 report shows a gross margin improvement of 6.5% from 21.2% to 27.7% while the net income rose from 0.03/share in Q2 2010 to 0.15/share in Q2 2011. [ismember] Audiovox (VOXX) reported its Q2 2011 results today and it continues to show improvement in both the top line and the bottom line numbers. [...]

7/14/11[Member] Audiovox Reports Q1 Results for FY 2012 (Value Stock Guide)

Audiovox reported its first quarterly report after it closed its acquisition of Klipsch. The quarterly performance indicates that the company has executed on plan with its acquisition and the results are largely in line with what the company expected. Q1 2012 Financial Highlights 1Q12 sales increase 26.9% with the addition of Klipsch Gross margins up [...]

6/14/11[Member] Did Audiovox Pay a Fair Price for Klipsch? Valuing Klipsch Assets – Part 2 (Value Stock Guide)

I am of a firm belief that companies generally destroy shareholder value when they acquire other companies. Synergies, that the most acquiring company expect out of the combined entity often fail to materialize, or are not enough to offset the premium paid for the acquisition. Given that Audiovox was a great investment candidate in terms of [...]

6/10/11[Member] AudioVox – A Net-Net in Search of Moat – Part 1 (Value Stock Guide)

Sometimes, stocks can remain undervalued for long periods and need a catalyst to unlock the value. Audiovox Quick Facts Ticker VOXX Markets mobile & consumer electronics products International operations in Europe, Asia, Venezuela & Mexico Original Equipment supplier to automotive Mobile Entertainment: rear seat entertainment systems, mobile multimedia systems, satellite radio, vehicle security, remote start, collision avoidance Consumer Electronics: digital camcorders,...

6/10/11Seth Klarman's Baupost Trims Audiovox (VOXX) Stake (market folly)

Due to trading on May 31st, Seth Klarman's Baupost Group has filed an amended 13G with the SEC. Per the filing, Baupost now shows a 4.12% ownership stake in Audiovox (VOXX) with 857,402 shares. This marks a 19% reduction in the hedge fund's position since March 31st. Back then, they owned 1,060,576 shares. To see the rest of Klarman's equity investments, head to our newsletter. Per Google Finance, Audiovox is "an international distributor in the accessory, mobile and consumer ...

5/26/11Margin Of Safety Example (Barel Karsan)

You're not going to nail every investment. The odds may not be on your side (even if you think they are, which is why you invested) or even if the odds are on your side, your investment can still be derailed. But thanks to the all-important margin of safety, you can still do allright even if things don't go as well as you expected. As an example, consider Audiovox (VOXX) which had been on the Stock Ideas page for 1.5 years. The company was a perennial earnings under-performer, relegating it...

5/18/11Audiovox: Material Notes (Barel Karsan)

Audiovox (VOXX) has a pretty poor earnings record since new management took over in 2005. Returns on capital have been consistently negative or in the low single-digits. As a result, the stock is pretty cheap on an asset basis; Audiovox's market cap is seemingly substantially lower than the company's net current assets. In the company's latest financials, released earlier this week, Audiovox lists current assets of $340 million (including $100 million in cash) against total liabilities of...

2/3/11Audiovox Buys Indianapolis Based Klipsch Group (VOXX) (Hedge Accordingly)

For all you music lovers out there who are keen on the quality of Klipsch audio merchandise the party may be over for quality.. i hate to be a party pooper but what the hell has audiovox produced worth a damn in the past 10 years, nothing they are a holding company essentially... Perhaps with this acquisition they look to improve their position in the consumer electronics arena. Klipsch an Indianapolis based company and its subsidiaries have agreed to sell themselves to Audiovox for 166m$....

10/12/10Audiovox Corporation Reports Fiscal 2011 Second Quarter (Benzinga)

Audiovox Corporation (Nasdaq: VOXX), today announced results for its fiscal 2011 second quarter ended August 31, 2010. Fiscal Second Quarter Highlights Sales up 3.5%, driven by continued improvements in the automotive market. Gross margins increase 240 basis points due to new product introductions and shift in business mix. OEM programs with Ford (Expedition), Lincoln (Navigator), Porsche (Cayenne), and BMW (X3). New GM promotion for rear-seat entertainment systems....

10/16/09(VOXX) Audiovox Tops Earnings Consensus (Stock Blog Hub)

For the second quarter of fiscal 2010, Audiovox Corp. (VOXX) reported net income of $2.8 million or earnings per share of 12 cents, compared to a net loss of $2.3 million or a loss per share of 10 cents in the corresponding prior-year period. This exceeded the Zacks Consensus Estimate of 2 cents per share. Net [...]

10/16/09Comebacks (Barel Karsan)

In a previous post, we discussed how as a result of circumstance, companies can go through tough times and good times that don't correspond with the economic cycle. Companies that had difficulties turning a profit in the strong economic period that preceded this downturn could go in one of two directions: 1) they could become companies mired in secular decline, unable to adapt to the current business environment, or 2) they could find a way to adapt and emerge as stronger...

8/6/08“Free Money #3 — An Easy Triple!” Sosnowski (Stock Gumshoe)

And, as promised, the steadfast Gumshoe continues his rounds, digging up the 13F favorites of Ann Sosnowski that she believes will generate "free money" for intrepid investors such as yourselves. This time, we're talking electronics ... a taste for you: "This stock is a world leader in electronics, including the explosive mobile electronics market. They just secured [...]

5/18/07The Pickings are Getting Slimmer (Cheap Stocks)

The Pickings are Getting Slimmer Man, we sound like a broken record, and for that we apologize. But we still aren't finding many net/nets these days. As the Dow sets new highs, and the Nasdaq gets back to half of it's peak level, the cupboard housing companies trading below net current asset value is bare. Be that as it may, this week, we list the top five net/nets, by market cap: Audiovoxx (


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