It's not often that we come across a growing company with a pristine balance sheet, and one that trades at a steep discount to intrinsic value. Well, that's the case with Supertex (SUPX). While the stock has traded in a narrow range over the past four or five months, we see now as a great buying opportunity for investors, before Mr. Market wakes up and realizes just how undervalued Supertex shares are.
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Supertex manufactures semiconductor components for four key industries: medical electronics (medical ultrasound imaging equipment), lighting and backlighting using LEDs (TVs and computer monitors), printers (primarily large commercial ink-jet printers) and devices using EL lamps (backlighting cell phone keypads), and telecommunications (switches)....