Bel held nicely, avoiding collateral damage from SLR decline today, after SLR reported invisible-to-gloomy outlook for latter part of this year, and S&P analyst downgrades of SLR and similar companies.
Today, John Dorfman, a portfolio manager & Bloomberg contibuting editor cited five stocks that represent good value "among the carnage in the market". Bel Fuse was one that he described as a very undervalued niche company with a pristeen balance sheet & a PE ratio of only 7. He felt that these five picks offered very high 5 year returns.
How about the other 4, bub ? Oops, I'm showng my age. I mean "dude"
I bought some ESIO yesterday. They just reported earnings of $1.00, beating estimates by 18 cents. Unfortunately, they expect revenues to be down 20-30% sequentialy this qtr. They are at around a 7-8 p/e, have over $5/sh. in cash, and no debt. Sound familiar ?