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VOXX - VOXX International: Still Maddening And Still Cheap Enough
VOXX International Corporation
Frustrations are building at VOXX International (VOXX). VOXX shareholders see a stock that is substantially undervalued on a sum of the parts basis. They also see a management team that is moving too slowly to unlock that value - and that is compensating themselves too dearly along the way.
As a result, the relationship between management and shareholders is becoming increasingly contentious. CEO Pat Lavelle has faced sharp questions on each of the last three conference calls, including a long exchange on last week's fiscal Q1 call with Thomas Kahn, whose Kahn Brothers