|Company name||Methode Electronics Inc.|
|Live stock price||[stckqut]MEI[/stckqut]|
|P/E compared to competitors||Good|
|Confident Investor Rating||Fair|
|Target stock price (TWCA growth scenario)||$18.41|
|Target stock price (averages with growth)||$13.51|
|Target stock price (averages with no growth)||$13.51|
|Target stock price (manual assumptions)||$19.24|
The following company description is from Reuters: https://www.reuters.com/finance/stocks/company-profile/mei
Methode Electronics, Inc. (Methode), incorporated on April 27, 1966, is a manufacturer of component and subsystem devices. The Company designs, manufactures and markets devices employing electrical, radio remote control, electronic, wireless and sensing technologies. The Company operates through segments, including Automotive, Interface, Power Products and Other. The Company has manufacturing, design and testing facilities in China, Egypt, Germany, India, Italy, Lebanon, Malta, Mexico, Singapore, Switzerland, the United Kingdom and the United States. The Company's components are found in end markets of the aerospace, appliance, automotive, battery storage, construction, consumer and industrial equipment, communications (including information processing and storage, medical device, networking equipment, wireless and terrestrial voice/data systems), rail and other transportation industries.
Confident Investor comments: At this time, I think that a Confident Investor can cautiously invest in Methode Electronics Inc. as long as the price is correct and the indicators that I describe in my book The Confident Investor are favorable. Most of the fundamentals of this company are good but there are some concerns. I am going to take Methode Electronics off of my Watch List.
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