Posted On: 01/10/2016 1:07:08 AM
Post# of 41
Well known Value Investor, John Rogers (Ariel Investments, LLC.) establishes new position in RELL worth $6,807,000 (1,153,810 shares).
"Richardson Electronics, Ltd. (RELL) – trading below cash with no debt, we view Richardson as an extremely mis- priced net asset value situation. The company manufactures and distributes replacement parts used in large electronic equipment in the healthcare, military, scientific, satellite communications, and semiconductor markets. A recent decision to undertake a significant share repurchase program has added to the stock’s appeal."
http://docdro.id/IHBQXN9
https://www.arielinvestments.com
"Richardson Electronics, Ltd. (RELL) – trading below cash with no debt, we view Richardson as an extremely mis- priced net asset value situation. The company manufactures and distributes replacement parts used in large electronic equipment in the healthcare, military, scientific, satellite communications, and semiconductor markets. A recent decision to undertake a significant share repurchase program has added to the stock’s appeal."
http://docdro.id/IHBQXN9
https://www.arielinvestments.com
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"The more numerous any assembly may be, of whatever characters composed, the greater is known to be the ascendancy of passion over reason." - Federalist no. 58
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