January 26, 2024
Granite State Capital Management, LLC Announces 6.65% Stake in Solitron Devices
Round Rock, TX – Granite State Capital Management, LLC is pleased to announce its recent filing of a 13G form, disclosing a 6.65% stake in Solitron Devices, Inc., signaling a significant investment in our portfolio and underscoring our confidence in the company’s management, operations, and strategic approach to capital allocation.
“We are happy to be passive stakeholders in Solitron Devices and are pleased with the terrific management, operations, and capital allocation,” said Eric Schleien, CEO of Granite State Capital Management. “Our investment philosophy aligns with finding companies that demonstrate strong leadership, well-run operations, and appear to be mispriced by the market. We believe the true earnings power of Solitron Devices is still not fully reflected in its income statement, fitting our criteria exceptionally well.”
Granite State Capital Management, with its foundations deeply rooted in value investing focuses on identifying and investing in companies whose true value is not immediately evident on stock screens. Our investment in Solitron Devices is a clear representation of this strategic approach.
For further details on the 13G filing, please visit the link here.
Solitron Devices, Inc., a Delaware corporation, designs, develops, manufactures, and markets solid-state semiconductor components and related devices primarily for the military and aerospace markets. The company was incorporated under the laws of the State of New York in 1959 and reincorporated under the laws of the State of Delaware in August 1987.
About Granite State Capital Management, LLC: Granite State Capital Management, LLC stands as a premier boutique value investment firm with a global investment focus. The firm has a strategic proficiency in identifying and capitalizing on mispricing opportunities within the market. Granite State Capital Management excels in areas where informed buyers are scarce and in markets where barriers such as low liquidity or the scale limitations of larger funds come into play. The firm's expertise also covers situations of indiscriminate selling and instances where corporate transformations remain unrecognized or misunderstood by the broader market. Additionally, the firm focuses on investments whose intrinsic value is not readily apparent through standard stock screening methods. Granite State Capital Management is dedicated to uncovering these unique investment opportunities.
Contact Information:
Eric Schleien, CEO
Phone: 914-275-5696
Twitter: @EricSchleien