MSN Emerson Radio Corp

on

Introduction

Founded in 1912, Emerson Radio is one of the nation's oldest consumer electronics distributors. Today, Emerson's focus is on how we can help meet the demands of your everyday lifestyle with our innovative consumer appliances and electronics.

https://finviz.com/quote.ashx?t=MSN

Shs Outstand21.04M
Shs Float5.80M    

Why am I buying MSN?
  • MSN is one of the under rated electronics retailer who has a very good debt to asset ratio around 9%.
  • They have been increasing their revenue since 2019 and showing good progress as they start pursuing ecommerce.
  • Other retailers like KOSS EXPR GME are on the rise as people start to understand their value.
    • Has a better financials than KOSS.
  • Untapped, lowest and cheapest electronics retailer in this sector.
  • #2 in terms of PB ratio in the sector.

Previous Alert @ 1.20$ Max Price Achieved 2.60$
New Proposed Entry: 1.75$ / 1.80$
Potential Price Targets: 2.00$ > 2.27$ > 2.60$ > 3$ > 5$+

  • Closed over all 3 major moving averages.
  • Purple line adjusted to 2.40$ now.
  • Nearing a zone on the weekly where this stock has never seen such a strong momentum, the last time this had such a response over the weekly it hit 3$.





Disclaimer: All these are my trade opinions only and not trading advice.

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