Chances are your luxury car has its sound system or infotainment package from the sound system extraordinaire Harman International Industries (HAR) company. We believe that Harman operates in a niche field that has impressive exposure to the rebounding auto industry.
The company is in semi-turnaround mode after a very weak 2009. We believe that its operating metrics are rebounding nicely, but its valuation still lags. The company not only has a stronghold on the audio car part market, but it's also breaking into the mobile phone market and tapping emerging markets. With its expanding operating margin and robust revenue growth we see nearly 80% upside to the stock.
The company is the leader in sound...