| Company: | Directed Electronics |
| Web Site: | http://www. polkaudio.com |
| Purchase Price: | $1.68 |
| Current Price: | Click Here |
Directed Electronics is an established manufacturer of mid-range home audio products and has been around for years, struggling to find its niche. Historically, its products were too expensive to attract a mass market, while their products were not up to the level demanded by audiophiles who pay a premium price for high-end equipment.
Recently, the company has come out with a line of accessories for the popular iPod music player that are being carried in Apple stores and discount retailers. The company has also been able to make a substantial reduction in its debt (in the proper way - with cash flow rather than equity).
The stock price has shown a slight upturn, and given the improvement in their capital structure and refocused product positioning, it could be the beginning of a significant uptrend.
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