Copyright © 2026 Knight Sac Media. All rights reserved.https://www.siliconinvestor.com/subject.aspx?subjectid=23643 Looks like a fundamenrtally undervalued company with a turnaround in progress. Having the famous (infamous?) Jj Cramer owning 7% of the company at 4+ might even be a plus! If they continue to beat estimates, this stock could easily double within the next few months. yesterday's closing price was 2 7/16. Morgan Products Ltd. manufactures and distributes millwork products which are sold to the residential and light commerical building materials industry and are used in construction and improvement, maintenance and repairs. For the six months ended 7/4/98, revenues fell 12% to $178.4 million. Net loss fell 92% to $327 thousand. Revenues reflect the sale of a manufacturing facility. Lower loss reflects $5.8 million in restructuring and reorganization charges last year. Morgan Products is a leading producer of Morgan and Nicolai brand premium wood door systems and other specialty building products. It produces pine, fir, and oak interior and exterior doors and entry systems, which are available with many specialty features. Morgan distributes its own products plus Anderson brand premium window systems and vinyl-clad wood windows, stairway systems, and Therma-Tru steel and composite doors, flush doors, molded-skin doors, and wooden bi-fold and louvered doors and moldings. Morgan sells to the home improvement, maintenance and repair, and new construction markets throughout the US. The company is selling its manufacturng operations. book value: 4.07 outstanding shares: 10.4 mil float: 4.9 mil long term debt: 44% institutional ownership: 68.3% 50 day MA: 2.50 200 day MA: 4.25 52 week high: 6.87 52 week low: 2.00 One year chart: MGN Graph: Weekly for 1 year EPS forecasted: .19 for 1988 .44 for 1999 insider buying: Yahoo! Insider Trades (Transactions) - MGN FROM JULY 1998: WILLIAMSBURG, Va., July 24 /PRNewswire/ -- Morgan Products Ltd. (NYSE:MGN) reported reduced sales but a profit for its fiscal second quarter, reversing year-ago losses. For the three months ended July 4, 1998, the company reported net income of $1,251,000 or 12 cents per share compared to a year-ago loss of $1,929,000 or 19 cents per share. Sales for the 1998 three month period were $98,238,000, down from $106,801,000 in the 1997 period reflecting disposition of the company's manufacturing division last February. However, on a pro-forma basis, sales in the current 1998 period were up 9.5 percent over pro-forma sales for the company's distribution business only of $89,698,000 in the year-ago period. Larry R. Robinette, president and chief executive officer, said the improved results reflected the benefits derived from the company's recent restructuring and disposition...https://www.siliconinvestor.com/images/Logo380x132.pnghttps://www.siliconinvestor.com/subject.aspx?subjectid=2364338013210