Savvy Trades and Investments

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Yeah whew on BELFB. Another great quarter! Much better than I was expecting with the recent stock price weakness.

The supply chain shortages and cost increases that are impacting everyone were a drag on revenues & margins. But they still earned .47/share in Q3. And paid tax this quarter vs a tax benefit along with a few other positive 1-timers last year. Q3 revenues up 18%. While bookings & backlog were again VERY impressive. Q3 backlog of $390M is up sequentially from $314M, and up dramatically from $139M last year.

With those EPS, the monster backlog, and a solid balance sheet including $5/share in cash....I think BELFB should be trading closer to $20. Still looks like quite a bargain in the $12's. Also has some pump potential with Tesla a customer and a small but rapidly growing EV segment.

https://finance.yahoo.com/news/bel-reports-third-quarter-2021-113000665.html