There is no synergy, never has been. Mueller can not make the same type valves and fittings for water pipe that the Chatt Plant made. US Pipe is now forced to buy from ACIPCO, Mcwayne, others. Closing Chatt was a moronic decision as it gave US Pipe incredible flexibilty in pricing and earning potential. It was a symbiotic relationship, that allowed pipe to win major contracts by adjusting earning and profit. The morons on the board of directors should have known, but they can't because they are morons. Zero synergy, zero, zero. Wall street should had known but they are less than morons, they are creeps that crawl on the ocean floor next to sewer plants. But they did get a hold of the pension plan, great move.
Why is it moving up. Against the tide no less. No real news.A few months ago or less it was in value line to go go up as much as 900%. Then it suddenly changed to a 100%. Those numbers were projected at over 3-5 years.