Bel Fuse, Inc. (BELFB) Message Board
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PULS is way undervalued
"The multiple is about four times sales. If you look at that on a historical basis that's probably average. I do recognize that's a high multiple based on National's price today, but four times sales does not seem too high or too low, especially for a company that generates gross margins in the high 60s," said Tore Svanberg, an analyst at Stifel Nicolaus.
PULS shed it's bad business and is the process of raising prices which will show up as higher margins on the books. Sale price today should equal $10-$12 min.-
Looks like you get more value every day. If only you and your fellow Puls holders believed your stated posts you would be buying instead of panic selling. Then it would not go down like it has. I am sure most kick themselves for not taking the now almost 50% premium Bel at one time agreed to pay. Puls management not only can run the company into the ground but looked a gift horse in the mouth and as of now managed to destroy whatever value their stock had. Did they jockey for a higher bid. Maybe. But they should have known that Bel does not chase wildly and would let it go rather than paying too much. At least they and the Board still have their jobs.
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It doesn't seem like you are correct. Without Bel's board members and obvious continuation of their takeover efforts, Puls is down to 5.25. This still has some takeover premium built in. Bel offered 6. If Bel goes away, the stock will go down further. And then the Puls shareholders will again have to worry about survivability. With their prior execution problems and horrendous management, it will be scary.
- 1 Reply to balduscus
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Yes, you are correct... "At the moment" it doesn't seem that I am right. We shall see. I still believe there is more value in PULS than the market or BELFB is offering.
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Recomend you buy some.
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I would add that sincce Bel has already offered 6+ that the manipulation is so obvious.
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