Bel Fuse: Still Undervalued, Even After The Stock's Strong Run
BELFABel Fuse (BELFA) Seeking Alpha·2024-09-10 16:24
yoh4nn The Bel Fuse Investment Thesis   Seeking Alpha The last time I wrote about Bel Fuse Inc. (NASDAQ:BELFA) was in October 2023, and since then the stock has performed well, outperforming the S&P 500 (SPY). And an even greater outperformance has occurred since my first article in February of that year, because since then Bel Fuse has delivered a strong 82% total return. The thesis at the time was that Bel Fuse was undervalued relative to its peers on an EV/EBIT multiple and margin basis. And since th ...