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MFRI, Inc. Message Board

  • jj1000003 jj1000003 Dec 10, 2013 5:47 AM Flag

    2013 Free Cash Flow in Excess of $2/share

    MFRI is generating tons of cash. CAPEX is low and cash generation is huge. The FCF multiple at $14 is just 7X and I have always made money in issues trading at 10X FCF or under. This stock is grossly undervalued.

    Sentiment: Strong Buy

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    • That is only technically true. If it weren't for the $14,000,000 received on sale of cooling segment, cash flow would be negative for 2013 9 months. A/R is very high. It seems the company lags a quarter or two in collecting payments. See 2008-2009 statements. These collections should appear in the next two Qs. However, next quarter, the deciding factor won't be cash flow. It will be the backlog and new business announcements. The piping backlog is lower than it was as of 10/31/2012.

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