VOXX International (VOXX) operates as a manufacturer and distributor in the automotive, premium audio, and consumer accessories industries worldwide, explains Bill Mathews, editor of The Cheap Investor.

Its auto segment markets rear-seat entertainment devices, satellite radios, auto security, remote start systems, digital TV tuners, collision avoidance systems, and location-based services.

Its Premium Audio segment markets home theater systems, loudspeakers, outdoor speakers, iPod/computer speakers, cinema speakers, Bluetooth speakers, sound bars, headphones, and digital living network devices.

We like VOXX because this innovative company has posted nice increases in its sales and earnings for nine months, and the stock is selling at about 25% of its book value.

We really like its recent acquisition of EyeLock LLC, a market leader of iris-based identity authentication solutions. Recently EyeLock announced the introduction of three reference designs created specifically for high volume OEM integration.

EyeLock's latest offering addresses the rapidly increasing demand for iris authentication solutions across a myriad of IoT devices and broad applications including critical infrastructure, automotive, healthcare, financial services, government and more.

EyeLock has achieved significant technological breakthroughs and solved integration challenges that have historically been a barrier to mass-market adoption of iris authentication technology.

VOXX International has a decent balance sheet with $6 million ($0.23 per share) in cash, a huge book value of $16.14 per share and a debt of almost $120 million.

When Wall Street finally wakes up to the fact that VOXX is a great bargain, the stock could really move. It has the potential to move 50 to 100% over the next couple of years.

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