Savvy Trades and Investments

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Wow heck of a quarter from ELTK! Earned .27/share in Q1?!? Might be a small gain in other income, but I don't remember a quarter this strong from them. AND backlog has increased 10% from yearend, which was itself up 70% vs the prior year. Nice!

https://finance.yahoo.com/news/eltek-ltd-reports-2023-first-110000791.html

I added a few premarket. Was tempted to take whatever was available in the $4's on this news. But like you said, this one doesn't get much respect. Then again, if the low float momo crowd gets involved, maybe it shoots to $10. Already hit a high of $5.48 premarket!

Kudos to ELTK management for keeping this huge quarter under wraps. Stock has been languishing for months. And they didn't exactly rush these numbers out. So I certainly wasn't expecting Q1 results anywhere near this good.