Time to buy this excellent business?
Full year results from this well-regarded music and audio products group reflect a tough period of trading for its largest division. However, with plenty of investment in new products, the future continues to look bright as you can discover here. (Premium)
This business has changed substantially over recent years, with its two divisions experiencing very different trading over the Covid-19 pandemic, which has subsequently reversed. Having ‘Ten-bagged’ from their AIM admission price by August 2021, the shares have endured a torrid period since, falling more than 70%. However, with a significantly expanded product offering, addressing a much larger market, and component issues a thing of the past, it could be a good time to get involved. Used by audio professionals and musicians, Focusrite’s (AIM:TUNE) solutions facilitate the high-quality production of recorded and live sound. We have been big fans of Focusrite…