An earnings miss has made this wireless supplier a bargain, and analysts are projecting 15% annual growth for the company for the next five years.
Universal Electronics (UEIC)
From Cabot Undervalued Stocks Advisor
Universal Electronics (UEIC) is a manufacturer and cutting-edge world leader of wireless remote-control products, software and audio-video accessories for the smart home; with a strong pipeline of new products. After completing its prior repurchase authorization in the first quarter of 2018, Universal Electronics authorized a new repurchase of 100,000 shares on May 3. The company’s CEO and CFO will present at the 19th annual B. Riley FBR Investor Conference on May 24, 2018. Investors may access a webcast of the presentation at www.uei.com.
UEIC is an undervalued micro-cap aggressive growth stock, with minimal debt on the balance sheet. The stock is volatile, and very cheap right now, after plummeting on disappointing news of lower second-quarter shipments. The stock is not yet ready to recover and will likely trade liberally between 28 and 40 for a while. Patient investors could dollar-cost-average into the stock as they await its next upturn. Traders will likely profit in the short-term. Strong Buy.
Crista Huff, Cabot Undervalued Stocks Advisor, www.cabotwealth.com, 978-745-5532, May 22, 2018