A recent dip in Voxx International (VOXX) has once again left investors with a significant buying opportunity as we look towards 2018. While historical performance of the company has been rather lackluster, recent events lead me to conclude that VOXX at least deserves a special place on your watchlist.
Q2: Good or Bad?
Their Q2 earnings report was plagued with confusing financials and inaccurate earnings targets based on a single unfounded analyst estimate (per usual), and was compounded by a lack of guidance from VOXX - as well as sweetened by one time costs and higher expenses associated with the closing of the Hirschmann deal. After a poor reaction to the quarter, the end result reflected in the company's adjusted balance sheet is as follows:
