Ituran: A 20% Earnings Compounder Trading At A Mid-Teens Multiple
Ituran added 40,000 subscribers in the quarter and had a 19% increase in revenue, with the quarterly revenue reaching $100 million for the first time in the company’s history. The stock price fell nonetheless. It is now 24% off its 52-week high and there’s no reason for this in the quarter. I do not believe … Read more