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RADA - Exciting Times At Rada Electronic Industries
RADA Electronic Industries Ltd.
Mid October last year we argued that Rada Electronic Industries (RADA) was a good buy, given the booming demand for its radars, especially from urgent need to protect against drones. So far, so good as the shares are up over 20% since then, despite a substantial equity offering.
But we think there is more to come and the story is actually remarkably simple:
The market is still in the very early innings
Revenue growth will be 50%+ this year
Operational cost will stabilize with operational leverage kicking in