Record backlog of $314 million on June 30, 2021 represents growth of over 100% from December 31, 2020; record quarterly bookings of $212 million, more than double the order volume compared to Q2-20.
They're also sitting on $5+/share in cash and had a bullish CC where they talked about how they're continuing to increase prices. Revenues should ramp higher in the coming quarters with that monster backlog. If they can maintain margins, should post some incredibly strong EPS. Caveat here is I'm sure they're facing supply chain issues like pretty much everyone else...so not sure how much that will weigh.
CFO did some buying last month in the $13's & $14's. Not a lot of shares, but still an encouraging sign.
I like the rock solid fundamentals on BELFB. Plus I think it's an undiscovered EV play. Small % of their revenues, but this is a rapidly growing segment. Tesla (hello!) is a BELFB customer.
Broader markets could struggle for the next few weeks. Because of its deep value, BELFB would probably hold up better than most in a market correction. Think that would be a buying opportunity and I'll be looking to add. Because I see BELFB making another run to the $20's in the coming months. Assuming we don't get a market meltdown.
Recent BELFB News
- Form SC 13D/A - General Statement of Acquisition of Beneficial Ownership: [Amend] • Edgar (US Regulatory) • 09/20/2024 10:05:53 PM
- Bel Announces Agreement to Acquire Enercon Technologies • GlobeNewswire Inc. • 09/19/2024 01:21:27 AM
- Form SC 13D/A - General Statement of Acquisition of Beneficial Ownership: [Amend] • Edgar (US Regulatory) • 08/15/2024 08:07:35 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/06/2024 03:51:09 PM
- Bel Fuse Inc. Announces Regular Quarterly Cash Dividend on its Class A and Class B Shares • GlobeNewswire Inc. • 08/01/2024 12:30:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/31/2024 03:04:31 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/24/2024 08:20:09 PM
- Bel Reports Second Quarter 2024 Results • GlobeNewswire Inc. • 07/24/2024 08:15:49 PM
- Bel Fuse Schedules Second Quarter 2024 Financial Results Conference Call • GlobeNewswire Inc. • 07/10/2024 12:30:00 PM
- Bel Announces Retirement of Dennis Ackerman; Steve Dawson Appointed as President of Bel’s Power and Protection Segment • GlobeNewswire Inc. • 07/01/2024 08:05:00 PM
- Bel Fuse Announces Upcoming Investor Conference Schedule for June 2024 • GlobeNewswire Inc. • 05/31/2024 08:01:00 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/30/2024 07:42:10 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 05/17/2024 07:48:11 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/14/2024 07:18:04 PM
- Bel Fuse Announces Upcoming Investor Conference Schedule for May 2024 • GlobeNewswire Inc. • 05/03/2024 08:05:00 PM
- Bel Fuse Inc. Announces Regular Quarterly Cash Dividend on its Class A and Class B Shares • GlobeNewswire Inc. • 04/30/2024 12:30:00 PM
- Bel Reports First Quarter 2024 Results • GlobeNewswire Inc. • 04/25/2024 08:34:45 PM
- Bel Fuse Schedules First Quarter 2024 Financial Results Conference Call • GlobeNewswire Inc. • 04/11/2024 12:30:00 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 03/11/2024 12:27:05 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 03/07/2024 09:59:43 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/07/2024 09:59:30 PM
- Bel Director John Tweedy to Retire from the Board and Not Stand for Re-election at the 2024 Annual Meeting • GlobeNewswire Inc. • 03/07/2024 09:21:54 PM
- Bel Fuse Announces Participation in the Roth Conference • GlobeNewswire Inc. • 03/05/2024 01:31:22 PM
- Bel Fuse Inc. Announces Regular Quarterly Cash Dividend on its Class A and Class B Shares • GlobeNewswire Inc. • 02/27/2024 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/21/2024 10:24:22 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM