Thanks for this post. Q4'25 numbers are encouraging (first FY profit since '22!) and great that they managed to pay down debt & repurchase shares on the cheap (+signal to continue doing so).
My only points of worry are 1) CEO succession dragging out and 2) deceleration of Connected Home category growth.
The Roku litigation could be a major short/medium-term catalyst and UEIC now has the financial strength to avoid being bullied into a lowball settlement.
Really interesting find on UEIC. Finding a company trading at 2/3 of its liquidation value while still actively innovating in IoT is a classic value play.
Do you think the low market cap ($55M) is the primary reason this is flying under the radar, or is the market pricing in a permanent decline of the legacy remote control business?
https://companycharts.substack.com/p/the-monthly-net-net-scan-75-tickers?r=6kpr46 May this list find you well.
Thanks for sharing!
Also highly recommend this post for whom is interested in this company: https://dismissedandassetbacked.substack.com/p/universal-electronics-ueic-a-net?utm_source=share&utm_medium=android&r=46nz1u
Thanks for this post. Q4'25 numbers are encouraging (first FY profit since '22!) and great that they managed to pay down debt & repurchase shares on the cheap (+signal to continue doing so).
My only points of worry are 1) CEO succession dragging out and 2) deceleration of Connected Home category growth.
The Roku litigation could be a major short/medium-term catalyst and UEIC now has the financial strength to avoid being bullied into a lowball settlement.
In a nutshell, the thesis just grew stronger.
Really interesting find on UEIC. Finding a company trading at 2/3 of its liquidation value while still actively innovating in IoT is a classic value play.
Do you think the low market cap ($55M) is the primary reason this is flying under the radar, or is the market pricing in a permanent decline of the legacy remote control business?