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0.000176508658730251 0.000215732805114848 0.0120222008668537 0.0412441899233168 0.033556257231952 0.033556257231952 0.012355606111122 0.00843319147267061
Stock impact report

VOXX International: Upgrading To Strong Buy With Potential Break-Up Value Of $15 [Seeking Alpha]

VOXX International Corporation - Class A (VOXX) 
Last voxx international corporation - class a earnings: 7/10 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.voxxintl.com/investor-relations
Company Research Source: Seeking Alpha
Follow Summary VOXX International Corporation shares surged 70% after announcing an exploration of strategic alternatives, including a potential sale of the company as a whole or piecemeal. Strategic shareholder Gentex recently increased its stake in the company to 32% after VOXX International declined its $5.50 per share takeover offer in late May. The company's high-margin Premium Audio Products sub-segment with its crown jewel Klipsch could be worth north of $10 per share. In aggregate, sales proceeds could reach $15 per share. With the Gentex proposal likely providing a floor for VOXX International's valuation, risk/reward appears highly favorable. Consequently, I am upgrading the company's shares from “Hold” to “Strong Buy.”. Looking for a helping hand in the market? Members of Value Investor's Edge get exclusive ideas and guidance to navigate any climate. Learn More » Gianluca Morigi/iStock via Getty Images Note: I have covered VOXX International Corporation Show less Read more
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