Published on 30 May 2021 on Insider Monkey via Yahoo Finance

Is It Too Late to Buy Solitron Devices (SODI) Stock?

Cedar Creek Partners recently released its Q1 2021 Investor Letter, a copy of which you can download here. The fund posted a return of 19.7% in the first quarter of 2021, outperforming its benchmark, the S&P 500 which returned 6.3% in the same period. You should check out Cedar Creek Partners' top 5 stock picks for investors to buy right now, which could be the biggest winners of this year.

In the Q1 2021 Investor Letter, the fund highlighted a few stocks and Solitron Devices Inc (NYSE:SODI) is one of them. Solitron Devices Inc (NYSE:SODI) is a semiconductor company. In the last three months, Solitron Devices Inc (NYSE:SODI) stock gained 29% and on May 18th it had a closing price of $8.95. Here is what the fund said:

"Solitron Devices (SODI), where I am the CEO, the bid price for shares rose 40% in the quarter from $5.00 per share to $7.00. During the quarter, Solitron filed its audited financials for fiscal years 2019 and 2020, quarterly results for the first three quarters of fiscal 2021, and announced it had entered into an agreement to purchase a new building for $4.2 million, and expects to make improvements to the building in order to relocate its existing operations later in the calendar year. Currently Soliton is in a rented facility. Subsequent to the end of the quarter, Solitron closed on the building purchase, putting 25% down and financing the balance at 3.8% fixed rate for the first ten years."