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
- 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
- Bel Reports Fourth Quarter and Full Year 2023 Results • GlobeNewswire Inc. • 02/21/2024 10:20:12 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 03:50:50 PM
- Bel Fuse Schedules Fourth Quarter 2023 Financial Results Conference Call • GlobeNewswire Inc. • 02/08/2024 01:30:00 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 01/26/2024 04:49:38 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/17/2024 08:12:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/17/2024 03:19:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/17/2024 03:17:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/17/2024 03:16:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/17/2024 03:15:50 PM
FEATURED Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM