60° North Investments
Long/short equity, contrarian, long-term horizon, value

Key Tronic - 80% Upside And An Exciting Acquisition In Sight

Key Tronic (NASDAQ:KTCC) describes itself as "a value-added electronic manufacturing service provider to some of the world's leading OEMs". What the company basically does, is manufacture all kinds of products in printers, telecom, computers, autos, consumer products, medical, industrial, aerospace and military. In the latest quarter, Q3 2014, Key Tronic's top 3 customers brought in 54% of total revenues (in fiscal 2013 this number was 71%). The company generated its revenues from 192 separate programs compared to 172 programs a year earlier. According to the Q3 report, some of the new programs represent small annual sales while some have multi-million-dollar potential. As the company says it, their pipeline of potential new business is increasingly robust, a good...

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