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News Breaks
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October 15, 2009
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| 13:14 EDT |  | UEIC |
| theflyonthewall.com: | Universal Electronics an obesity play, WSJ reports | | Universal Electronics (UEIC), the maker of universal remote controls, was highlighted by the Wall Street Journal's Financial Adviser, because "the reality is, with rising unemployment and rising obesity, more people than ever will be sitting around watching TV." I calls watching TV "as recession proof as you can get." It gives some positive data on the company, including that it has $70M in cash and no debt, and that it trades for seven-times EBITDA. Reference Link :theflyonthewall.com |
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