Between a near-term rebound in camera phone actuators
and a longer-term opportunity in car electronics, I think this is a good
time to reconsider Japan’s Alps Electric (OTCPK:APELY)
(6770.T). Although the U.S. ADRs aren’t as liquid as investors might
like, Alps looks undervalued below the $60’s and could have further
upside as the company’s auto electronics business really starts to take
off in a few years.
The biggest downside at this point would appear to be another disappointing cycle for Apple (AAPL)
and its new phones, as Alps has maintained strong share in the OIS
actuator market and has meaningfully operating leverage potential on
higher volumes.
Read the full article here:
Alps Electric Worth Another Look On Improving Auto And Phone Trends
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