Mace is a typical unfollowed and ignored company. In my opinion it has much to offer the investing public. First and foremost is the fact it has a clean book of $1.66. Second is the story of how the major shareholder retired and let the company officers run the company quite poorly. He comes back, fires all the bad apples, puts a new board together, and puts MACE back on track.
Mace has 4 divisions--Federal Laboratories, formed in 1923, and acquired in 1994. Federal markets law enforcement products in over 50 countries worldwide. Just about every police officer carries a mace product. The FBI uses many of the products also. Also the armed forces, most recently a multi-million dollar contract was signed with the Navy. They also make dye packs used by banks.
Mace consumer division sells to mass merchants, sporting good houses,
auto, drug, and convenience stores. They also distribute a new line of child safety products called Kindergard.
Mace Anti-Crime Bureau, created by Mosler 35 years ago, and bought by Mace in 1992 provides leadership and expertise in developing and producing effective criminal deterrence systems for governments and law enforcement agencies, and financial institutions around the world.
The MSP division is charged with marketing unique personal security products through alternative distribution, ie network, seminar, television, and franchise security kiosks and stores in high traffic malls nationally under the name "Mace Security Centers."
Less lethal defence products are becoming very "HOT" in the consumer market. Just look how the news people jump all over violent events.
There are many more things to like about MACE, so let's get a group talking about it.
Company info can be had by calling 1-800-255-2634-and www.mace.com |
