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Mueller Water Products, Inc. Message Board

  • kevinvaughn1 kevinvaughn1 Jan 15, 2013 6:56 PM Flag

    I started buying at 2.04. MWA still has significant upside potential

    They finally sold off pipe last year. They are paying down their debt and their earnings should improve the next 2 years. We shouldsee them hit about 7.50-8.00 a share this year and 11 next.

    Sentiment: Strong Buy

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    • Wow my prediction from January has almost come true.

      Sentiment: Strong Buy

    • I have been buying the last couple of years and have been rewarded by staying long, and will continue to do so as there is no reason to sell when MWA is just starting to move into profitibility!

      Sentiment: Strong Buy

    • I first bought at $3.83 on the news of a large purchase by a fund manager last year. When it fell in the low $2's I SUBSTANTIALLY added to my positions. Bought on 9 separate occasions and averaged way down. Sold NO shares and will hold indefinitely. Nice divi while I wait for further appreciation. Have full position.

      Sentiment: Strong Buy

      • 1 Reply to edblue1003
      • Sorry, my BS flag went up.

        So the first poster is telling me that he caught the EXACT bottom on MWA's recent troubles? OK, quibble $2.03 but you get my point. Congrats. Don't believe you.

        My real issue is what you call nice dividends. Buying in and then adding once the position falls...pretty gutsy AND vindicated call...also congrats...but nice Divi? @ .07/share? Divide that by today's price of 6.12 gets you a whopping 1.1% Nothing "nice" there. Don't get me wrong, I won't refuse the check...I just don't think too much about it. I own far more generous divi stocks.

        I got in @ $4.16 but my entry point was some time ago. I saw the 2's and held on given the promise of better times...should have bought more but every investor can be pretty accurate in hindsight. In my case (roughly) 50% rise in two years gives me ~20-25% return...Not too shabby and like I said, I won't refuse the check.

        So, target selling point? Only guessing but I believe that MWA is fully capable of a run to 8 by the end of the Summer. Assuming we don't plummet off the Fiscal Cliff. All bets are off then and you should have bought rice and ammo.

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