Has anyone here looked at MLI?
yahoo.marketguide.com
An industrial company in a prosaic business. Price near low, but p/e a little high (imo). Not much ltd, no dividend.
If you didn't know though, you wouldn't guess the good performance this company has delivered:
moneycentral.msn.com
Look at that book value growth. Not a bad ROE history either. Also that net profit margin performance.
Given the business the company's in I'd say maybe it should be looked at like a value-stock. If so, the price still seems a little high to me (in this market where there are other attractive value stocks available). That's regarding p/s, p/b, p/e and no dividend (for some price support). Yet there's continued profit, no debt, sale of non-core assets, and a good history. It's got some growth characteristics better than many growth stocks. (I came across this stock in looking at stocks bought by a Buffett- following fund manager.) Given the business it's in though, could it actually be a growth stock going out 5 or 10 more years? If so, maybe the stock's cheap at current price.
Anyone here with an opinion to share on this stock?
Paul Senior
(No position, but I have it on my watch list) |
