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RELL - Richardson Electronics - Enough Good News To Be Patient
Richardson Electronics Ltd.
Introduction
Richardson Electronics (RELL) is a micro-cap electronics manufacturer producing power conversion, radio frequency, and microwave components. For those less familiar with the company, I include more background information in my July article, “Richardson Electronics – A Ben Graham Net-Net With Some Issues”. After reporting results for Q1 of Fiscal 2020, the company is still trading below its net current asset value of $7.38 per share and its book value of $9.37 per share. Only 21 cents of this book value is intangible since the company wrote off its goodwill