Inspecs: is the market short-sighted?
Shares in this highly acquisitive eyewear group sunk to new lows following a disappointing trading update. While the share price sell-off looks overdone to us, there is no doubting that the group has a few issues to resolve and it’s tough to do this in the public glare. Is it now in Bonkers Bargain territory? (Premium)
Shares in Inspecs (AIM:SPEC), the eyewear and lens design house and manufacturer, tumbled following a disappointing trading update, although it probably wasn’t quite as dire as the 56% decline in share price implies. Background Inspecs produces eyewear for a global portfolio of fashion, sports and lifestyle brands and patented concept eyewear. It licenses, designs, patents, manufactures and distributes globally from bases in the UK, USA, China, Hong Kong, Vietnam, Portugal and Scandinavia. With products sold in 80 countries around the world, Inspecs reaches approximately 75,000 points of sale. It partners with global consumer brands and has licence agreements with companies including:…