Author Topic: DAP-U.V - Xpel Technologies  (Read 58452 times)

gary17

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Re: DAP-U.V - Xpel Technologies
« Reply #170 on: September 07, 2018, 02:38:18 PM »
I'm not commenting on the current valuation, which could be due to buyout speculation, but I wouldn't call automotive paint protection film a "fad."  And, yes, the stock price could certainly go down from $7.

Highly discretionary consumer fad in more or less competitive cyclical industry, at P/Е of 37? What may possibly go wrong?

Why do you think there is buyout speculation?

Who would buy this out?

3M.


A Dhandho Investor

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Re: DAP-U.V - Xpel Technologies
« Reply #171 on: September 07, 2018, 02:55:47 PM »
Buying a stock because you think it will be bought out is foolish imo, especially in this case, where insiders own 40% of the stock and there is a relatively low float.

I believe the recent run-up is just broader investor awareness and the market catching up with the fundamentals.

gary17

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Re: DAP-U.V - Xpel Technologies
« Reply #172 on: September 07, 2018, 03:20:52 PM »
Agreed

Hielko

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Re: DAP-U.V - Xpel Technologies
« Reply #173 on: September 08, 2018, 07:13:23 AM »
FWIW they also do window tinting for cars and commercial/residential properties. I don't believe they have broken out how much those businesses contribute to their overall results thus far.
Yes, they have. Check the MD&A of the 2nd quarter for the latest revenue breakdown. Last three months:

Paint protection film: 79.8%
Window film: 8.3%
Film installation: 5.5%
Software: 3.7%
Other products: 2.8%

A Dhandho Investor

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Re: DAP-U.V - Xpel Technologies
« Reply #174 on: October 18, 2018, 12:02:32 AM »
Glad to see Xpel hiring a more renowned external auditor than RSM Canada. Shows that they are probably preparing for a US listing:
http://www.xpel.com/news/xpel-inc-retains-u-s-based-auditor-baker-tilly/

Quote
San Antonio, TX – October 17, 2018 –  XPEL, Inc. (TSXV: DAP.U), (“XPEL” or “the Company”) a leading supplier of automotive paint protection and window film, has announced the appointment of Baker Tilly Virchow Krause LLP (“Baker Tilly”) as its auditor, replacing RSM Canada LLP. 

Baker Tilly is a nationally recognized, full-service accounting and advisory firm headquartered in Chicago with approximately 2,800 employees across the United States. Baker Tilly is ranked as one of the 15 largest accounting and advisory firms in the country and is an independent member of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 147 territories, with 33,600 professionals.

The Company’s Board of Directors and its Audit Committee approved the appointment of Baker Tilly.  RSM Canada LLP indicated there were no reservations or modified opinions on any of the Company’s financial statements since RSM Canada LLP was appointed auditor of the Company.

Barry Wood, Chief Financial Officer commented, “Given that our headquarters and a substantial part of our operations are based in the U.S. and the fact that the majority of our shareholders reside in the U.S., it makes sense for us to align with a quality U.S.-based auditor.  We are excited to be working with a nationally recognized firm like Baker Tilly.   I would like to thank RSM Canada LLP for their service to XPEL over the years.”

About XPEL, Inc.

XPEL leads the industry in designing, manufacturing and distributing high-performance automotive paint and headlamp protection film technologies. Using XPEL’s proprietary software and materials, our professional design team develops products that deliver the ultimate in vehicle protection, meeting the demands of a broad range of makes and models. With more than 70,000 vehicle-specific applications and a global network of trained installers, XPEL is dedicated to exceeding customer expectations in providing high-quality products, customer service and technical support. XPEL, Inc. (TSXV: DAP.U) is publicly traded on the TSXV Exchange. Visit www.xpel.com for more information.


snowball82

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Re: DAP-U.V - Xpel Technologies
« Reply #175 on: November 14, 2018, 05:00:59 PM »
Third Quarter Highlights:

Revenues increased 64.3% to $29.3 million compared to third quarter 2017
Gross margin improved to 30.1% compared to 23.8% in third quarter 2017
Earnings per share of $0.08 compared to $0.02 per share in third quarter 2017

http://www.xpel.com/news/xpel-reports-record-third-quarter-revenue-growth-64-3-29-3-million-eps-0-08/

https://seekingalpha.com/article/4222201-xpel-inc-xplt-ceo-ryan-pape-q3-2018-results-earnings-call-transcript