Because of the late notification of 2005 grants to Fire Departments by the Federal Government (late Aug and on) many orders were not placed until the Sept - Dec 05 quarter. However, the announced reorganization/restructuring will probably result in a loss for the quarter. MSA is now into armor protection and also if they start getting into China with all their safety problems with their mines they are headed up-up and away.
Several decades ago they had a big chunk of the larger mining equipment that Joy Global now has a monopoly on. Then, in the 80's and 90's they ceded much of the lower end respirator business to 3M and others as they(MSA) were out foxed in design and cost. They are a stick in the mud, but as long as the government keeps growing(and keeps making more regulations), MSA should be a safe holding. However, the huge runup of the last 10yrs(driven by Clinton regulation buildup in the 90's)(9-11 driven since then) won't be repeated for a long time. The easy money has been made. imho
Why the run up yesterdy and the pull back today? Makes no sense. It isnt day traders taking profits....the volume is to low. Also, someone mentioned MSA getting into China. Is there any truth to that? I looked....but found no leads on that information.