Most consumers or investors would not consider Koss Corporation (NASDAQ: KOSS) the most recognizable name in the headphone market. However, the Milwaukee-based manufacturer has received considerable attention in recent weeks as its stock has experienced dramatic swings due to short squeezes. Still, while speculation has boosted Koss, investors may want to think twice before buying into this consumer discretionary stock .
Koss opened for business in 1958 after inventing stereophones. Nonetheless, while it prospered for a time, competition and failed attempts at diversification forced Koss to declare bankruptcy in 1984. Though it emerged from bankruptcy the following year, its stock has failed to gain traction for the last few decades.
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Koss Corporation: Meme Stock or Solid Investment?