Wireless tech company Baylin Technologies (Baylin Technologies Stock Quote, Charts, News, Analysts, Financials TSX:BYL) hasn\u2019t been getting much love lately, but portfolio manager Stephen Takacsy says there are plenty of points in favour of buying the stock at these levels. \u201cBaylin is still having some problems during the pandemic. Some of their businesses are still being impacted and they still can\u2019t get their plant in Vietnam going because of travel restrictions,\u201d said Takacsy, speaking on BNN Bloomberg on Monday.\u00a0 \u201cThe company was expecting a good turnaround in the last six months but it hasn't happened,\u201d Takacsy said. Baylin, which makes radio frequency and terrestrial microwave products and services for mobile phones and embedded systems like set top boxes and 5G network infrastructure, was looking like it was headed to higher ground earlier this year. The stock doubled over a four-week stretch in January and February, taking it above the $2.00 mark where it had last been a year earlier at the start of 2020.\u00a0 But since then, and like a number of names in the tech sector, BYL has been on a downward slide, its being particularly pronounced. Baylin is now down 20 per cent for the year.\u00a0 Last year, the company has faced some issues with the integration of a pair of acquisitions, Advantech Wireless and Alga Microwave, bought in 2018, and the company\u2019s Wireless Infrastructure segment didn\u2019t fare well during the economic slowdown caused by COVID-19. Early in 2020, Baylin announced a breach in its debt covenants, resulting in cost-cutting and credit amendments, and the company is still dealing with write-downs, having written off over its most recent quarter $5.5 million in unusable inventory related to the 2018 acquisitions. Yet, investors should be paying attention to Baylin, says Takacsy. \u201cThe major shareholder, Jeff Royer, is very committed towards the company. He\u2019s a large shareholder of Shaw communications, as well, and he's very supportive of the company,\u201d he said. \u201cI would hang on to my shares. They have world leading wireless technology for many different applications such as infrastructure, satellite, embedded, mobile phones, etc,\u201d he said. Takacsy also likes the company\u2019s executive shake-up, which included the hiring on of Leighton Carroll as President and CEO in June, a former AT&T employee who was Executive of Merger & Integration along with having been CEO of an AT&T joint venture, Wireless Maritime Services. \u201cThere's new management in place, a team from the United States, that has a lot of experience and who's really focused on increasing sales by lowering the sale cycle,\u201d Takacsy said. \u201cAlso, if this company was sold tomorrow to a competitor, it would probably fetch three to four times what it's trading at,\u201d he said. \u201cSo, it's a good time to buy it, and the major shareholders are very committed to seeing this company succeed.\u201d Speaking on the company\u2019s path ahead, Carroll struck a determinedly optimistic tone in the company\u2019s quarterly press release last month. \u201cWhile the company has been through a challenging period and has certainly been impacted by the COVID-19 pandemic, a few things are very clear to me. Baylin and its operating companies have solid products customers need, terrific engineering and manufacturing capabilities, and great people. With the support of the board and our investors I am confident that our best days lay in front of us,\u201d said Carroll in Baylin\u2019s second quarter press release on August 11. By the numbers, Baylin\u2019s second quarter 2021 showed revenue down to $21.6 million compared to $30.6 million a year earlier. For the six months ended June 30, 2021, the company\u2019s revenue was $45.1 million compared to $57.6 million a year earlier. Baylins Q2 net loss was a whopping $33.9 million compared to a loss of $4.7 million for Q2 2020, while the quarterly adjusted EBITDA was a loss of $12.7 million compared to a gain of $2.7 million a year earlier. On its forward outlook, Baylin said it expected H2\/2021 to look better than the H1, even as the company continues to face challenges brought on by the pandemic, including travel restrictions which it said have hampered its business development activities. On the company\u2019s massive MIMO Unit (MMU) plant in Vietnam, Baylin said it won\u2019t be production ready until some time in 2022. \u201cOur MMU facility in Vietnam continues to experience delays in the final commissioning and approval of the facility, in part due to the effect of COVID-19 related travel restrictions, which has prevented engineers from outside Vietnam travelling to Vietnam to complete the installation and inspection of testing equipment,\u201d the company said in its second quarter press release.\u00a0 \u201cOver the course of the 18-month plus delay, our customer\u2019s sales of their MMU product have softened significantly. This has led to lower forecasts through mid-year 2022 as well as a redesign of the product by our customer to reduce complexity and their cost structure,\u201d Baylin said.