keep adding mpr many more orders to follow high teens shortly take little off the table but sit tight sweet div in mean time and maybe take out by big boys their in the right business for the next three years..
I think right now at prices under 8.75 it represents a good value. If you look back they have always produced a good level of free cash flow, even on lower sales levels. Relative to the current price, if they can product 6-8M per year of FCF, I think it is a good value.
Don't expect much in the way of intelligent or impartial input on this board. It's precious and somewhat comical seeing the triple "POP" in-your-face mean spirited trash talking type jargon though. When the price bumps down or sell volume greatly exceeds the daily average the bashers will always come out........why? What is the purpose, the short float is less than 2.40%, perhaps a disgruntled employee? Short or long, making a profit I would hope is the plan of all investors, perhaps accomplishing that with class/respect should be the goal. It's sort of delusional to think someone could make others sell their shares here by throwing out twaddle calibrated (It's going down to $7) numbers, maybe I'm wrong though.
"This company has sat on their collective rear for a decade and done nothing to help the shareholder."
That is incorrect, actually Met-Pro has continued with strategic acquisitions (just like the 3 or 4 in the 1990's) and continues to search for future and proper acquisitions as well as new markets/arenas to enter. There also was a 4:3 stock split in November of 2007.
From their web site... In 2002, the Company completed the acquisition of Pristine Hydrochemical Inc and immediately merged its chemical water treatment product lines with those of Stiles-Kem.
In 2005, Stiles-Kem and Pristine Hydrochemical Inc. were consolidated under the new name Pristine Water Solutions Inc.
In 2005, Met-Pro established its first manufacturing operation in the People’s Republic of China, Mefiag (Guangzhou) Filter Systems, Ltd.
Several other key changes to drive its growth:
Acquired Bio-Reaction Industries Inc., a pioneer in environmentally friendly air pollution control systems utilizing state-of-the-art biological technology to eliminate volatile organic compounds (VOCs), hazardous air pollutants (HAPs), and odors.
Established a new subsidiary in South America, Met-Pro Chile Limitada, to improve its competitive profile throughout that rapidly industrializing market.
A companies web site is an invaluable research investment tool, MP has recently (tastefully) redone their site. Listen to some of the archival/past earning reports about their strategic plans, the next conference call is on March 12. Please check it out, good investing.
P.S. The (Jan 2013) forward P/E is projected to be under 15 with a growth estimate of 26.50%.
P.S.S. Up 0.47 today on almost 400,000 volume.......POP POP POP POP!!! (Sorry, sheepishly grins with delight after pulling off the seldom seen 4 popper.....just kidding)
Man. did it ever pop today. Sales up, Profits down. I thought the idea was to creat value for shareholders. These #$%$ are running the company like Obama is running the country. Right into the ground.
Check the earnings history for the last decade... yes, decade ..pathetic and stagnant
If things are so rosy, why did a major institution flush 1.33 million shares...The specialist bought 600k @ 8.78 at the close and now has to feed them to the sheep for a deal...
This company has sat on their collective rear for a decade and done nothing to help the shareholder. No purchases of new companies to help the business grow, even with record low rates. The companies CFO resigned, then was asked to stay..........whatever... Some bigger institutions left today with over 1.3 million shares traded. With a pe of 20, this baby is way overvalued...