Harman International Industries, Inc./DE/ (NYSE:HAR)
CAPS Rating:
The Company designs, manufactures and markets audio products and electronic systems for the automotive, consumer and professional markets.
The Company designs, manufactures and markets audio products and electronic systems for the automotive, consumer and professional markets.
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Recs
I believe that the bottom has been reached for this audio equipment maker. Trying to value pick in this market is very difficult as this stock has tumbled nearly 60% year over year. Competition is also a concern, but hoping that Brand recognition (IN BMWs) offsets some of that risk or may simply be a takeover target at this low valuation.