- Alps Alpine shares have been hit hard by pandemic-fueled challenges in the auto business, as well as much lower near-term margin guidance on capacity increases and R&D investment.
- While the transition to the next generation of advanced camera actuators may not produce much margin leverage this year, Alps should gain share and see better leverage the following year.
- Auto electronics margins should recover with volume, and the company continues to log auto infotainment wins, but long-term share and margins there is still a big unknown.
- Alps Alpine shares look beaten down and washed out, and modest outperformance could drive a rally, but this is definitely a "show me" story.
For further details see:
Alps Alpine Has A Lot To Prove To Rebuild Investor Sentiment