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Gentex Stock Begins To Reflect Its Growing Profit Stream

Summary

Gentex, the world's leading manufacturer of high-tech mirrors for automobiles, announced strong results Friday with a 20% yoy EPS advance.

The stock responded with an 8% gain, and the company was resolutely upbeat on the conference call.

Gentex had been under pressure for several years; reasons have included fears of its main businesses shrinking or disappearing as automobiles evolved.

The company is now offering a stout defense of its long-range growth prospects.

This article reviews the corporate history, main technology, financials, and challenges; and ultimately adopts a bullish posture, acknowledging the risks.

Introduction

The dominant global supplier of high tech interior and exterior mirrors for automobiles is a smallish company based near the east coast of Lake Michigan, not especially close to...


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