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Mueller Water Products, Inc. Message Board

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  • tmcg1367 tmcg1367 Jan 5, 2012 11:31 AM Flag

    Pipe sold?

    I am surprised no one has posted something in the past couple of days. The volume alone is telegraphing something. Yes, I am thinking something that has to do with US Pipe. Two hours into trading and we are pushing 4 million shares having changed hands and up in a down market.

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    • When pipe sells, the stock could go down too depending on the deal. It could be that the price it gets sold for may be a lot less than what the books have it valued for and the financials of MWA will take a short term hit. Long term, it will be a good thing probably.

    • It could also be just a response to undervalued and anticipating the fact that housing and municipal markets have bottomed and that bodes very well for MWA over the next quarters/years. Plus, the Pipe story to boot. Lot's of reasons for this to trade in the mid 3 to mid 4 range in 2012 with potential for much higher beyond that.

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