Jul 05th 2012 - Edison Investment Research today published a report on Volex (VLX.L, LSE:VLX, LON:VLX) entitled "Looking Outwards". In summary, the report says:
Volex’s rating continues to lag our double digit growth expectations. The company reported a debt free position at the end of FY12 and, with financing facilities in place, is in a good position to supplement organic progress with acquisitive growth. At the very least this should bring peer group ratings into sharper focus and ongoing margin expansion from Volex should help to drive a narrowing in the valuation gap with larger US peers.
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