hweb2
7 years ago
Another solid quarter for TAIT. Revenues down slightly. But a nice increase in gross margins translated into Q2 earnings of .04/share vs. .01/share last year. Looks like divesting the lower margin business in Q4 was a good move, and the higher margins are sustainable. If they can get quarterly revenues just back up in the $2-$2.5M range, could post some big EPS.
Not sure why that Friday selloff now. Nice bottom line with earnings of .04/share, excellent balance sheet with .63/share in cash, and an attractive dividend yield of 6.2%. Plus their understated California real estate is likely worth more than the current market cap. In this expensive market, tough to find a stock where you're getting a profitable business for free!
Penny Roger$
13 years ago
Taitron Components Incorporated (Taitron) is a distributor of electronic components and supplier of original designed and manufactured (ODM) electronic components (ODM Components) with the product offerings ranging from semiconductors through small electronic devices. As of December 31, 2010, its inventory consisted of over 14,000 products manufactured by more than 100 different suppliers. During the year ended December 31, 2010, Taitron offered approximately nine different ODM products that are manufactured to specifications developed as a result of its ODM services.
http://www.google.com/finance?q=TAIT