Audiovox [voxx] - Da ist Musik drin

Hallo Antizykliker,

ok jetzt gehen wieder 5€ ins Phrasenschwein, die Aktie scheint mir aber wirklich sehr interessant.

Nach meiner Metric gehört Voxx zu den SmallCaps mit einer MarcetCap von 170mio.
Die Jungs beschäftigenden sich mit folgendem:

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Audiovox Corporation: Company Report

Audiovox (from Latin "I hear" and "voice") markets wireless phones (84% of sales) and electronic equipment worldwide. One of the top wireless phone sellers in the US, its customers include Verizon Wireless (50% of sales), AllTel Communications, MCI Worldcom, Brightpoint, and Canadian Mobility. It also owns or licenses 17 wireless product stores. Audiovox sells its mobile video, car sound and alarm systems, DVD and MP3 players, and two-way radios to carmakers, retailers, new car dealers, and the military. Audiovox buys its products from manufacturers in Asia and sells them under the Audiovox, Prestige, Pursuit, and Rampage brands. Founder and CEO John Shalam owns 55% of the company's voting shares.
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Obwohl Audiovox also eine Art retailer sit stieg
die Aktie während des Internet-Booms in ungeahnte höhen. Der Absturz folgte recht bald und nun bildet die Aktie schon seit etwa einem Jahr einen Boden aus.
Auf dem aktuellen Niveau scheint VOXX günstig zu sein.

VOXX (Branche)
Price/Sales Ratio 0.13 (0.33 )
Price/Book Value 0.56 (1.91 )
Price/Cash Flow Ratio 66.60 (30.00 )

Im letzten Jahr gab es einen Umsatzeinbruch um 10% der langfristige Trend zeigt aber nach oben:

Das durchschnittliche 10jährige Wachstum liegt bei 17%.

Das Unternehmen hat in den letzten Jahren massiv Schulden abgebaut. Das spricht für das management denke ich.

Ins gesamt weißt die Aktie ein wesentlich geringeres CashFlow / Gewinn und Umsatzwachstum auf als die Konkurenz. Auch Bei den Returns liegt leider kein positiver Trend vor. (schwächer als die Konkurenz)
Voxx hat niedrige Margen und ist deshalb Konjunkturabhängiger als die Konkurenz. In guten Jahren sind aber ROE und ROA über 10 und ROI 5 möglich. Da ich mit einem guten Jahr 2002 rechne scheint mir die Aktie Kaufenswert. Zumindest den Buchwert sollte sie dann Wert sein. (sind immerhin fast 100% Gewinn)

Was denkt ihr?
Irgendwelche bedenken oder Risiken die ich übersehen habe?

Viele Grüße Spud

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Hier gibts noch die Significant Developments des letzten Jahres. Gefällt mir allews ziemlich gut...

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Audiovox Corp. to Acquire Assets of Code-Alarm, Inc. January 07, 2002
Audiovox Corp.'s subsidiary Audiovox Electronics Corp. announced that it has signed a non-binding letter of intent to acquire substantially all of the assets of Code-Alarm, Inc., a supplier of vehicle security and convenience systems. Terms of the transaction were not disclosed.
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 Audiovox Corp. and Sprint Introduce Feature-Rich, Affordable Sprint PCS Phone CDM-9100SP December 05, 2001
Audiovox Communications Corp., a majority owned subsidiary of Audiovox Corp., and Sprint, which operates an all-digital, all-PCS nationwide network, announced the availability of the tri-mode, CDMA Web-browsing Sprint PCS CDM-9100SP phone. This sleek, lightweight design is ideal for new customers looking for a feature-packed handset at an affordable price. The Sprint PCS CDM-9100SP is available for $99.99.
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 Audiovox Corp. Provides Update on Fiscal 2001 Fourth Quarter Results December 03, 2001
Audiovox Corp. announced that it does not expect to meet the previously disclosed guidance for its fiscal fourth quarter, ended November 30, 2001. The Company also provided commentary on the state of its operations, in addition to preliminary guidance for its fiscal first quarter ended February 28, 2002. The Company said that it has experienced slower growth as a result of carrier inventory build-ups and margin pressures due to aggressive pricing patterns in the wireless industry. Towards the end of this year, it has begun to see some positive signs of stabilization in carrier purchasing cycles, although pricing pressures remain stronger than ever. For the fiscal first quarter ended February 28, 2002, the Company expects to report consolidated sales between $320 - $330 million. Net income and earnings per share are expected to be between $1.0 - $1.5 million or $0.04 - $0.07, respectively.
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 Audiovox Corp. Announces 9155GPX: 1XRTT Handset With GPS November 13, 2001
Audiovox Corp.'s subsidiary, Audiovox Communications Corporation, introduced its first GPS-enabled, 3G handset -- the 9155GPX. The 9155GPX is a CDMA tri-mode (800 MHz CDMA, 1900 MHz PCS and 800 MHz AMPS), web-enabled, 1XRTT capable handset equipped with the MSM5100 chipset that has Bluetooth capability and gpsOne-based position location.
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 Audiovox Corp. Introduces Sleek, Light-Weight Web-Browsing Phone for Net-Surfers Everywhere October 25, 2001
Audiovox Corp. announced that its majority owned subsidiary Audiovox Communications Corp. (ACC), introduced its newest, ultra-slim, CDMA tri-mode phone that is designed to meet the growing demands of today's wireless users -- the CDM-8200. Equipped with a built-in web-browser (UP 4.1) and operating on the 800 MHz AMPS/CDMA and 1900 MHz PCS frequencies, Audiovox's CDM-8200 handset builds on the success of its tri-mode predecessor: the CDM-8100 wireless web-browsing phone. At just over 3 ounces (3.2/90 grams), the CDM-8200's streamlined design is stylish and user-friendly.
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 Audiovox Corp. Enters Pocket PC Arena: Introduces Powerful, Lightweight Handheld With Wireless Connectivity Capabilities October 04, 2001
Audiovox Corp. announced that its majority owned subsidiary Audiovox Communications Corp. (ACC), introduced its first Pocket PC, the Maestro. This first in a series of feature-rich Audiovox Pocket PCs combines the ease of use and comprehensive fun

Auch die Chartechnik spricht für einen Kauf:
Ich werde wohl demnächst einsteigen...

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