Teac is turning into a fine microcap earner on a criminally...

Teac is turning into a fine microcap earner on a criminally cheap valuation...

While they have had better years, that is a clean, good quality full year result, strong cashflow and debt to equity ratio down from 44% down to 15%....

As a result, the business is substantially de-risked with high net tangible assets......keeping in mind the main asset of the business is intangible---the Teac brand

Going forward, the increasing cashflow can go into higher dividends, growth or maybe an acquisition.......no reason why they can't bolt on a complementary brand and diversify a little while growing the business.