Today’s Daily Alert brings a new momentum and growth recommendation from
Upside.
“Universal Electronics, Inc. (UEIC $26 Nasdaq) is being upgraded to Best Buy
based on its bright growth prospects, strong Quadrix scores, and discount valuation.
The company’s remote-control solutions allow consumers to manage entertainment
devices. A deep customer list includes cable-television and satellite-television
providers and consumer electronics manufacturers. Consensus estimates, revised
upward in the past month for both 2013 and 2014, project per-share earnings
growth this year of 11% to $1.72. Sales should increase 9% to $504 million.
Universal earns a solid Overall score of 89, ranking it No. 2 among the 14 consumer
electronics stocks in Quadrix. The Value score is an impressive 83. Universal
Electronics is being upgraded to Best Buy.”
Richard J. Moroney, CFA, Upside, www.upsidestocks.com,
800-233-5922, May 14, 2013