Should You Be Holding Taitron Components Incorporated (NASDAQ:TAIT)?
As an investor, I look for investments which does not compromise one fundamental factor for another. By this I mean, I look at stocks holistically, from their financial health to their future outlook. In the case of Taitron Components Incorporated (NASDAQ:TAIT), it is a well-regarded dividend-paying company that has been able to sustain great financial health over the past. Below is a brief commentary on these key aspects. For those interested in digger a bit deeper into my commentary, read the full report on Taitron Components here.
Flawless balance sheet average dividend payer
TAIT’s ability to maintain an adequate level of cash to meet upcoming liabilities is a good sign for its financial health. This indicates that TAIT has sufficient cash flows and proper cash management in place, which is a key determinant of the company’s health. TAIT currently has no debt on its balance sheet. It has only utilized funding from its equity capital to run the business, which is typically normal for a small-cap company. Therefore the company has plenty of headroom to grow, and the ability to raise debt should it need to in the future.
For those seeking income streams from their portfolio, TAIT is a robust dividend payer as well. Over the past decade, the company has consistently increased its dividend payout, reaching a yield of 5.5%, making it one of the best dividend companies in the market.
Next Steps:
For Taitron Components, I’ve compiled three key aspects you should further examine:
Future Outlook: What are well-informed industry analysts predicting for TAIT’s future growth? Take a look at our free research report of analyst consensus for TAIT’s outlook.
Historical Performance: What has TAIT’s returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of TAIT? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com.
