Thanks for this. Main risk for BELFB here is 1) Israel defence earnings falling with war winding down 2) Risks of significant China tariffs (BELF both manufacturers in and sells to China)
Not bad points, although Bel is not priced for growth at all, so a slowdown in Enercon may not be super harmful. Second, factory consolidation and the Enercon deal lessen China exposure. They pointed to tariff impact on the call last week. Very minimal exposure with 12% of revenues affected.
Interesting list, thanks for sharing PTR!
Thanks for reading!
Thanks for this. Main risk for BELFB here is 1) Israel defence earnings falling with war winding down 2) Risks of significant China tariffs (BELF both manufacturers in and sells to China)
Not bad points, although Bel is not priced for growth at all, so a slowdown in Enercon may not be super harmful. Second, factory consolidation and the Enercon deal lessen China exposure. They pointed to tariff impact on the call last week. Very minimal exposure with 12% of revenues affected.