FKWL - Franklin Wireless: Betting On A (Quasi) Binary Situation

• Franklin Wireless is trading at ridiculous multiples because of an ongoing issue with their main customer: Verizon.
• At an EV of 0 (net cash equals the market cap) and a P/E of about 4, the company is probably one of the cheapest in the US stock market.
• There is still significant risk, primarily driven by customer relations and the ongoing recall resolution.
• The fair price, calculated by including every case/scenario, offers an upside potential of 25%.

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