Richardson Electronics: Growth Momentum Is Real, But Cash Flow Paints a Cautionary Picture
Richardson Electronics (RELL) is showing genuine top-line and margin improvement driven by Power & Microwave, Canvys, and early traction in BESS and SiC partnerships. The fundamentals point to a turnaround, yet the company still posts negative free cash flow and thin cash resources, meaning execution risk and potential dilution remain real threats.…