Needham & Company Reiterates a 'Hold' on Bel Fuse (BELFB); Cautiously Optimistic After Mixed Results
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Price: $290.08 --0%
Rating Summary:
8 Buy, 0 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 9 | New: 12
Rating Summary:
8 Buy, 0 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 9 | New: 12
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Needham & Company reiterates a 'Hold' on Bel Fuse (NASDAQ: BELFB).
Analyst, Sean K. F. Hannan, said, "We believe BELFB is taking prudent actions to tweak its cost structure as it wrestles with competitive pressures and sluggish demand. While BELFB hopes for market improvements and carefully attempts to shift away from an increasingly commoditized product portfolio, pressure will likely continue to mount on the M&A front in order to reinvigorate growth. With tangible book at ~$17.29 and net cash of $7.78/share, we still view downside as limited, but we would look for renewed growth momentum before becoming more constructive."
"Our prior 2Q of $76.0M & $0.10 now $72M & $0.13 (ex. charges). For ‘12, now $287M & $0.52, vs. $300M & $0.44."
For an analyst ratings summary and ratings history on Bel Fuse click here. For more ratings news on Bel Fuse click here.
Shares of Bel Fuse closed at $18.08 yesterday.
Analyst, Sean K. F. Hannan, said, "We believe BELFB is taking prudent actions to tweak its cost structure as it wrestles with competitive pressures and sluggish demand. While BELFB hopes for market improvements and carefully attempts to shift away from an increasingly commoditized product portfolio, pressure will likely continue to mount on the M&A front in order to reinvigorate growth. With tangible book at ~$17.29 and net cash of $7.78/share, we still view downside as limited, but we would look for renewed growth momentum before becoming more constructive."
"Our prior 2Q of $76.0M & $0.10 now $72M & $0.13 (ex. charges). For ‘12, now $287M & $0.52, vs. $300M & $0.44."
For an analyst ratings summary and ratings history on Bel Fuse click here. For more ratings news on Bel Fuse click here.
Shares of Bel Fuse closed at $18.08 yesterday.
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