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XIDE, HEV, HPJ, IEC, ATVI, GLUU, Electronics - Misc Stocks Undervalued

^{Published on 2011-08-04 07:01:52 - WOPRAI}
 

August 4, 2011/ M2 PRESSWIRE / BUYINS.NET / http://www.squeezetrigger.com is monitoring the Electronics - Misc sector and these stocks are the most undervalued as of today. EXIDE TECHNOLOGIES (NASDAQ:XIDE), ENER1 INC (NASDAQ:HEV), HIGHPOWER INTERNATIONAL INC (NASDAQ:HPJ), IEC ELECTRONICS CORP (AMEX:IEC), ACTIVISION BLIZZARD INC (NASDAQ:ATVI), GLU MOBILE INC (NASDAQ:GLUU) are all expected to go Up as they are Undervalued according to industry standard valuation metrics. The valuation model employs a three-factor approach to stock valuation using fundamental variables--the company's trailing 12-month Earnings-Per-Share (EPS), the analyst consensus estimate of the company's forecasted 12-month EPS, and the 30-year Treasury yield--to create a highly accurate reflection of a company's fair value.

The chart below displays the projected Fair Value and Valuation discount/premium of the most undervalued stocks in the highlighted industry group:

     Symbol     Company Name                        Last Close     Fair Value     Valuation                   Industry               
     XIDE       EXIDE TECHNOLOGIES                  6.9            8.15           15.30% Undervalued          Electronics - Misc     
     HEV        ENER1 INC                           0.8403         6.72           87.50% Undervalued          Electronics - Misc     
     HPJ        HIGHPOWER INTERNATIONAL INC         2.49           3.47           28.20% Undervalued          Electronics - Misc     
     IEC        IEC ELECTRONICS CORP                6.18           11.83          47.80% Undervalued          Electronics - Misc     
     ATVI       ACTIVISION BLIZZARD INC             11.82          13.83          14.50% Undervalued          Toys and Games         
     GLUU       GLU MOBILE INC                      4.63           4.55           1.80% Overvalued            Toys and Games         

Here are some of the variables that are utilized when calculating the Fair Market Valuation of a stock: Long-run EPS growth rate, Duration of Business-growth-cycle, Volatility of EPS growth rate, Systematic or beta risk of the firm, Correlation between the firm's EPS and the interest rate environment, EPS growth volatility, Dividend payout ratio, Buffer earnings, Interest rate related criteria: Interest rate (30 year yield) long-run level, Duration of interest rate cycle, Interest rate volatility. The Fair Market Valuation uses 12-month historic and forecasted EPS values and the current 30-year treasury yield as primary determinants. When calculating risk/return values such as the Sharpe ratio, the historic periods used are five years.

Some expected results of the Valuation Model are: the valuation of a stock increases in a declining interest rate environment. Increasing current and/or projected EPS will produce a higher Valuation. While long-term EPS growth would produce a corresponding long-term Valuation increase, concomitant long-term interest rate increases would offset EPS growth and depress the Valuation. The shorter a company's own business cycle, the higher its stock Valuation will be.

EXIDE TECHNOLOGIES (NASDAQ:XIDE) - Exide Technologies, together with its subsidiaries, engages in the manufacture and supply of lead-acid batteries for the transportation and industrial energy applications. The company offers transportation batteries comprising ignition and lighting batteries for cars, trucks, off-road vehicles, agricultural and construction vehicles, motorcycles, recreational vehicles, marine, and other applications. It sells its batteries under Centra, DETA, Exide, Exide Extreme, Exide NASCAR Select, Orbital, Fulmen, and Tudor, as well as other private labels brands. The companys industrial energy business offers motive power batteries and network power batteries. The motive power batteries are used in electric forklift trucks, floor cleaning machinery, powered wheelchairs, railroad locomotives, mining, and electric road vehicles. It also offers various battery chargers and related equipment for the operation and maintenance of battery-powered vehicles. The network power batteries provide back-up power during temporary power failure, which are used in telecommunications systems, computer installations, hospitals, air traffic control, security systems, utility, railway, and military applications. The network power batteries are sold under Absolyte and Sonnenschein brands. The company sells its transportation batteries through mass merchandisers, auto parts outlets, wholesale distributors, battery specialists, national account customers, retail stores, OEM dealers, automotive parts and battery wholesalers, auto centers, service installers, and oil companies. It sells industrial energy products to OEM suppliers of lift trucks, industrial companies, retail distributors, warehousing companies, manufacturers, and various agents. The company operates primarily in the United States, France, Germany, Italy, Spain, and Poland. Exide Technologies was founded in 1888 and is based in Milton, Georgia.

ENER1 INC (NASDAQ:HEV) - Ener1, Inc., together with its subsidiaries, engages in designing, developing, and manufacturing rechargeable lithium-ion batteries and battery systems for energy storage in the United States and South Korea. It operates in three segments: Battery, Fuel Cell, and Nanotechnology. The Battery segment offers lithium-ion batteries for hybrid, plug-in hybrid, and electric vehicles, as well as for buses, trucks, and other alternative transportation vehicles. This segment also provides battery cells and battery packs. The Fuel Cell segment develops and markets fuel cells and fuel cell systems. The Nanotechnology segment involves in developing nanotechnology related manufacturing processes and materials. The company offers its products to customers in the transportation, stationary power, military, and small cell markets. Ener1, Inc. was founded in 1985 and is headquartered in New York, New York.

HIGHPOWER INTERNATIONAL INC (NASDAQ:HPJ) - Highpower International, Inc., through its subsidiaries, develops, manufactures, and markets rechargeable nickel metal hydride and lithium-ion batteries and related products for use in various electronic devices. The company produces consumer batteries in A, AA, and AAA sizes in blister packing, as well as offers chargers and battery packs; and industrial batteries that are designed for electric bikes, power tools, and electric toys. It also manufactures lithium-ion and lithium polymer rechargeable batteries for applications, such as laptops, digital cameras, and wireless communication products. In addition, the company recycles batteries, and resells the recycled materials. It sells its products to original equipment manufacturers, and a network of distributors and resellers. Highpower International sells its products primarily in the Peoples Republic of China, Hong Kong, and other Asian countries; Europe; North America; South America; and Africa. The company was formerly known as Hong Kong Highpower Technology, Inc. and changed its name to Highpower International, Inc. on October 21, 2010. Highpower International, Inc. was founded in 2001 and is based in Shenzhen, the Peoples Republic of China.

IEC ELECTRONICS CORP (AMEX:IEC) - IEC Electronics Corp. provides electronic manufacturing services (EMS) to technology companies in the United States. It involves in the custom manufacture of circuit cards, system level assemblies, and an array of custom cable/wire harness assemblies. The company also provides electronic manufacturing services primarily for wireless communication systems, test diagnostic equipment, military and defense systems, transportation products, and medical instrumentation. It serves military, governmental agencies, aerospace, communications, medical, computing, and other industrial markets through direct sales force and a network of manufacturers representatives. The company was founded in 1965 and is based in Newark, New York.

ACTIVISION BLIZZARD INC (NASDAQ:ATVI) - Activision Blizzard, Inc., through its subsidiaries, publishes online, personal computer (PC), console, and handheld games worldwide. The company develops and publishes PC-based computer games and maintains its proprietary online-game related service, Battle.net. It publishes interactive software products and peripherals. Its products cover various game categories, such as action/adventure, action sports, racing, role-playing, simulation, first-person action, music, and strategy. Activisions products comprise Monsters vs. Aliens, Guitar Hero, X-Men Origins, PROTOTYPE, Transformers, Ice Age, Wolfenstein, Marvel Ultimate Alliance, Bakugan Battle Brawlers, DJ Hero, Band Hero, Call of Duty, Tony Hawk, Guitar Hero, Three map packs for Call of Duty, True Crime, Spider-Man, Bakugan, Blur, and Singularity. Its customers include retail outlets and distributors, including mass-market retailers, consumer electronics stores, discount warehouses, and game specialty stores. Activision Blizzard, Inc. is based in Santa Monica, California.

GLU MOBILE INC (NASDAQ:GLUU) - Glu Mobile Inc. engages in the design, marketing, and sale of mobile games worldwide. The companys games based on licensed intellectual property include Call of Duty, Deer Hunter, Diner Dash, Guitar Hero 5, Family Feud, Family Guy, The Price Is Right, Transformers, Wedding Dash, Who Wants to Be a Millionaire?, World Series of Poker, and Zuma; and games based on its own intellectual property comprise Beat It!, Bonsai Blast, Brain Genius, Glyder, Stranded, and Super K.O. Boxing. It designs a portfolio of games for the wireless subscriber population, as well as for the users of smartphones. The company also develops games for social networking Websites. It markets and sells its games primarily through wireless carriers. Glu Mobile, Inc. has a strategic partnership with NVIDIA Corporation to deliver gaming experiences to Android-powered tablets and mobile devices. The company was formerly known as Sorrent, Inc. and changed its name to Glu Mobile Inc. in May 2005. Glu Mobile Inc. was incorporated in 2001 and is headquartered in San Mateo, California.

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