RELL - Richardson Electronics Is Cutting Edge ESG Profitable And Growing Yet Trades Below Book

• Richardson is a turnaround situation with accelerating revenues, a strong balance sheet, and rapidly increasing earnings.
• Earnings are much better than they appear as they are masked by large losses in a startup product, supply chain issues and depreciation well in excess of capex.
• The stock is trading below tangible book value despite having cash equal to 41% of tangible book.
• A book-to-bill rate of 1.25 in the last quarter and many hot products indicate the recent revenue and earnings surge is likely to continue.
• Much of its growth is from newer products that serve renewable energy and other environmental industries.

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