Bel Fuse is now BELFA and BELFB Message Board

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Technology Stocks : Bel Fuse is now BELFA and BELFB

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To: VivB who wrote (18)	10/24/1998 11:31:00 PM
From: Elroy	Read Replies (1) of 67

Does anyone have a good explanation for why this stock is so inexpensive on a valuation basis? If they don't grow at all, and just maintain their current performance ($0.70 EPS per Q), they will make $2.80 over the next 4 quarters. At $23, the forward PE is about 7x. They've grown revenues greater than 15% and earnings greater than 40% compared to the preceding year, and with the Lucent division acquisition revenues will increase substantially. They have no debt. I guess I don't understand. Why is the stock so inexpensive? According to Yahoo, book value is $15.22. Why does a company growing revenues and earnings have such a low price to book? Does anyone have a decent explanation??? Elroy

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