Jason Industries also makes smart utility meters, gas engine components, lawn and garden drives, anti-slip walking surfaces for railcars, fencing, outdoor furniture, lighting, and more products that are used every day by consumers and industry. I first started researching this company several months ago because the stock price was beaten down and the company was taking action to streamline operations and improve profit margins. The stock price has not rebounded yet.
However, there are multiple signs that this stock is too cheap to ignore, and management is coming through on its turnaround goals. There have been a number of recent insider buys on this beaten down stock, which leads me to believe that they are also seeing significant turnaround potential. In addition to these company-specific positives, there are also some macro trends which could soon begin to benefit Jason Industries. This includes the fact that the US Dollar has been declining and that could boost profit margins on exports for this company. Strengthening product demand at companies like Caterpillar and Deere has sent those stocks to new 52-week highs recently, and since those companies are major customers for Jason Industries, it could also see more demand in the future. Improving economic growth in the US and Europe should benefit Jason Industries as well. For all of these reasons, it appears that this stock has hit rock bottom levels, and it could be on the verge of a significant breakout to the upside:
This beaten down and little-known stock is too cheap to ignore.
Jason Industries supplies many of the largest industrial and consumer product companies, many of which are seeing resurgent demand.
This company recently beat earnings estimates and even posted a small profit which could expand as ongoing cost cuts are implemented.
This stock appears to have bottomed out, and insiders have recently been accumulating shares.
Potential downside risks appear limited at this time, and an analyst price target of $3.25 per share suggests significant upside potential.
Jason Industries (NASDAQ:JASN) is a manufacturer of industrial products, including seating, components, and goods for the automotive sector. It makes upholstered passenger seats (under the brand name "Milsco" for Harley-Davidson (NYSE:HOG), Toyota (NYSE:TM), Caterpillar (NYSE:CAT), John Deere (NYSE:DE), and other well-known companies. These seating products are used in boats, tractors, forklifts, golf carts, motorcycles, and construction equipment.
Jason Industries, Inc.
411 East Wisconsin Avenue
Milwaukee, WI 53202
Jason Industries, Inc., together with its subsidiaries, engages in the manufacture of seating, finishing, acoustics, and components in the United States and internationally. It produces finishing products, such as industrial brushes, buffing wheels, and buffing compounds for use in various industrial and infrastructure applications; and supplies seating solutions to equipment manufacturers in the motorcycle, lawn and turf care, industrial, agricultural, construction, and power sports end markets, as well as original equipment manufacturer seating for the heavyweight motorcycles. The company also manufactures engineered non-woven and fiber-based acoustical products for the auto industry; and manufactures stamped, formed, expanded and perforated metal components, and subassemblies for rail and filtration applications, outdoor power equipment, small gas engines, and smart utility meters. Jason Industries, Inc. was founded in 1985 and is headquartered in Milwaukee, Wisconsin.