The CEO was on Fox Business news today. In addition to the new consumer store in NYC, their stock is up 110% this year.
He said, the vast majority of earnings of the company come from car stereo sales. The CEO kept touting the professional market in Radio City Music Hall, and concert halls but I believe they are loosing this market quickly to others, including the French outfit who is supplying a huge percentage of the sound reinforcement applications today. In the last few years, my experience has been that I no longer see JBL sound reinforcement systems as the dominant provider....