Telular: A Value And Dividend Growth Story In The Making

INTRODUCTION: Telular (WRLS) released its fourth quarter and fiscal year results on Tuesday, November 6. Management not only exceeded our expectations but raised forward guidance and increased the dividend nine percent. The yield exceeds 4% at the time of this writing. We have been writing about Telular on SA since August 2010 when the stock was at $2.31. The stock closed at $10.97 at the time of this writing and is a compelling story going forward based on recent results and company guidance. The goal of this discussion is to give the reader a basic understanding of Telular, a growth and high yield company not widely followed by analysts. The discussion includes: A brief history of the transformation that has led to today's success. A brief overview of each business segment. Dividend growth and expectations Financial trends Valuation Risk Conclusion HISTORY: Telular has been publicly traded since 1994. The focus... Read more