...the made $2.39/share on an after tax basis for the December quarter if you ex out the one time large tax gain and the one time LIFO adjustment. Unlike prior quarters, this $2.39 is fully taxed.
Backlog was up $19.5 million year over year (to $67.4 million from $47.9 million), and up just a tad over the Sept 30 backlog of $67.1 million. Since the backog remains high, we should expect more strong quarters ahead.
Book Value is at $25.65 per share, another solid number.
A 10 p/e would take MUEL to $95/share. Just a 7 p/e would double MUEL from its current $33 to $66/share.
Of course there are only a total of 1,237,591 shares outstanding...probably less than a million in the public float. So if MUEL ever sees some real volume, or catches the eye of those low float traders....who knows where this thing could go.
Yes, great results! Looks like the hard EPS number for full year 2013 was $6.80 fully taxed. Sets them up for an easy comp for Q1. Could they really make over $8 for full year 2014? Even at this stock's historically stingy multiple, it should be a lot higher. Could a reinstated dividend and a return to Nasdaq be in the cards?