Blonder Tongue Laboratories
Today Blonder Tongue released its Q2 results (See Press Release Here). As you can see, the results show an impressive improvement in operations, with both top and bottom line growth (a swing to profitability too).
Mr. Market took notice, and the stock closed at $2.25 up 70% from yesterday’s close of $1.32. I’ve exited the position now – not a bad return considering it was purchased in April in the low $1 range (See my original analysis here)! It always helps to buy undervalued companies with a substantial margin of safety, strong management, low debt and strong prospects.