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: Elroy who wrote (9)	8/25/1998 2:00:00 AM
From: IAP	Read Replies (1) of 67

You issue paper for acquisitions when your stock has a fair market value. BELF has over $7/share in cash so it is selling at a net PE of only 4. It is also selling below book value in a market where the average stock sells at 3 to 4 times book. Thus BELF would be limited to cash deals for right now. Full details should be known when they file for anti-trust clearance - this should be imminent as they plan to close the deal by end Sept. If they can close on time, revenues will take a big jump in the 4th quarter this year. Future deals are likely to use the "B" stock once the market adjusts to a reasonable valuation.

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