John Leonard, CFA
Special situations, micro-cap, contrarian, CFA

KVH Industries Trades At A Discount To Its Strong Growth Prospects

The seemingly "full" valuation for KVH Industries (NASDAQ:KVHI) is more than reasonable given the strong growth prospects driven by favorable regulation and its disruptive technology.

Company overview

KVHI provides mobile communications products (voice, internet, digital TV) for marine and land markets as well as navigation, guidance and stabilization products for defense and commercial markets. KVHI also distributes premium news, sports, movies and music content for commercial and leisure customers in the maritime, hotel and retail markets.

Commercial applications for guidance and stabilization products include mapping and surveying, autonomous vehicles, train location control, industrial robotics, undersea remotely operated submersibles as well as optical stabilization.

Defense applications for guidance and stabilization products include tactical navigation systems (TACNAV) for military vehicles,...

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