Investment Research report

Gentex Corp.

Previous Item
All Reports
Gentex Corp.
A Dim and Grim Outlook
Download Report
Gentex Corp.
Download Report 2
Gentex Corp.
Download Report 3
Gentex Corp.
Download Report 4
Gentex Corp.
Download Report 5
Gentex Corp.
Download Report 6
Gentex Corp.
Download Report 7

Research Overview

S&P 500
Consumer Discretionary
Jul 13, 2017

After conducting a forensic financial and accounting review, Spruce Point believes Gentex Corp. (Nasdaq: GNTX), a supplier of mirrors for the auto and airline industry, is unreliable based on the many contradictory statements the Company has provided across government entitles, public financial statements, and internal communications. Based on our investigation, we estimate 40% to 80% downside risk. 

The report highlights several key concerns with the company, including:

  • We find signs of earnings over-statement, irregular financial policies and governance weaknesses
  • Evidence shows that key revenue modules are starting to show decline and SAAR is poised to rollover
  • We feel that the long-term viability of the mirror is unknown, and there will likely continue to be significant competition coming from suppliers and display companies
Downloads & More

Research Assets & Releases

Join The Mailing List

Spruce Point Alerts & Updates

See the other side of the Wall Street hype machine.