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MFRI, Inc. Message Board

ted10054 15 posts  |  Last Activity: Dec 18, 2014 2:09 PM Member since: Jul 15, 2009
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  • Reply to

    ted10054

    by rloos15 Dec 17, 2014 2:12 PM
    ted10054 ted10054 Dec 18, 2014 2:09 PM Flag

    Looks like it is up big to me. The tax bounce has begun

    Sentiment: Strong Buy

  • Reply to

    Insider buy just filed Form 4 SEC

    by ted10054 Dec 15, 2014 2:22 PM
    ted10054 ted10054 Dec 15, 2014 6:31 PM Flag

    Illinois The form 4 is on sec.gov Type in MFRI under stock symbols.....The buyer bought around 4500 shares at $6.75 open market. Def a steal

    Sentiment: Strong Buy

  • This guy is getting a bargain

    Sentiment: Strong Buy

  • Reply to

    MFRI EPS

    by ted10054 Dec 9, 2014 11:33 AM
    ted10054 ted10054 Dec 11, 2014 9:23 PM Flag

    Its coming and now bigger upside jump. Tax loss selling usually abates right around now

    Sentiment: Strong Buy

  • Reply to

    Mfri the dog !!!!

    by rloos15 Dec 5, 2014 11:16 AM
    ted10054 ted10054 Dec 11, 2014 9:10 AM Flag

    Idiotic post

    Sentiment: Strong Buy

  • ted10054 by ted10054 Dec 9, 2014 11:33 AM Flag

    On the whole the report was better than I expected. With the local Saudi business near completion on Phase 1, means that phase two is just around the corner and I read that they plan no let up on infrastructure projects they seek to avoid another "Arab Spring" event, notwithstanding the recent price of oil. I agree with recent posts that a tax bounce is way over due and the next eps report should contain more information about signed orders that will mov the stock higher. I believe we have seen the lows and the tax bounce will start anyway.

    Sentiment: Strong Buy

  • Reply to

    Displaying upside momentum

    by ccrrpawd Oct 29, 2014 10:46 AM
    ted10054 ted10054 Nov 17, 2014 5:09 PM Flag

    Who me? Hell no I own a few thousand

    Sentiment: Strong Buy

  • Reply to

    Displaying upside momentum

    by ccrrpawd Oct 29, 2014 10:46 AM
    ted10054 ted10054 Nov 12, 2014 2:06 PM Flag

    There is a dissident out there that wants the company sold if there is no buyback. See my to posts or look at MFRI in Seeking Alpha to read the story. Apparently owns 3% of the shares

    Sentiment: Strong Buy

  • ted10054 by ted10054 Nov 6, 2014 12:20 PM Flag

    This will result in a big low soon

    Sentiment: Strong Buy

  • ted10054 by ted10054 Oct 26, 2014 12:07 PM Flag

    in Perma-Pipe's orders, growth is expected to increase significantly in fiscal 2015 and beyond. The recently posted investor presentation on the company's website points to the expected growth in Perma-Pipe and also details the many multinational companies that are customers of MFRI. Management should use the current pullback in the stock and the ample liquidity on the balance sheet to reduce the shares outstanding at these levels benefiting all shareholders. Many other shareholders of MFRI have expressed similar feelings regarding the lack of focus of management on maximizing shareholder value.

    Attached is the letter I sent to management addressing the need to increase shareholder value:

    October 8, 2014

    Mr. Bradley Mautner

    President, Chief Executive Officer

    MFRI Incorporated

    7720 North Lehigh Avenue

    Niles, IL 60714

    Dear Mr. Mautner:

    I have several issues that I would like to present to you and the Board concerning the disappointing stock price performance of MFRI. As you are aware, I personally own, along with related accounts, approximately 3.1% of the outstanding shares of MFRI. On June 13th, you and I met to discuss a possible stock repurchase plan (among other things) for MFRI to enhance shareholder value. At that time I proposed a 500,000 share repurchase plan (about $5,000,000) to take advantage of a severely mispriced equity valuation. On that date MFRI closed at $12.14. At that time you indicated you would present the idea to the Board and nothing has happened since. The price of MFRI is now $9.20, making a share repurchase even more compelling.

    Our meeting was several months ago and apparently the wishes of myself and other stockholders continue to be ignored. The purported reason was the need for working capital for expected large future orders. Given that MFRI has $15 million in cash, ($2.14 per share), $44 million in accounts receivable (presumably that will be converted into cash soon), $6 million on a new bank agreement, and $8.43 per share

  • MFRI Incorporated Needs To Enhance Shareholder Value Now
    Oct. 21, 2014 1:31 PM ET | 3 comments | About: MFRI, Inc. (MFRI)
    Subscribers to SA PRO had an early look at this article. Learn more about PRO »
    Disclosure: The author is long MFRI. (More...)
    Summary

    MFRI Incorporated is a cheap play on a growing insulating pipe business and has an opportunity to enhance shareholder value at a price that is well less than book value.
    Valuation and future expected orders make a strong case for a stock buyback at these levels.
    Management has not focused on increasing shareholder value and needs to now.
    Ample liquidity on the balance sheet compels a share repurchase.
    MFRI Incorporated (NASDAQ:MFRI) is a very cheap play on the increasing demand for insulated pipe. The stock is currently trading at $8.92 per share. Perma-Pipe is a rapidly expanding pipe insulator that has recently moved into Saudi Arabia as well as in South America via a joint venture. Through Midwesco, MFRI provides air filtration products. The stock has pulled back from $17 earlier this year to its current level of $8.92, making it statistically very cheap. Selling at a hefty discount to book, (current book value is $11.20 per share), a low trailing P/E ratio, a fractional price-to-sales ratio, and a low multiple of price to free cash flow, MFRI's management should be buying stock back now with the abundance of net working capital on the balance sheet. I have sent a letter to management asking them to do exactly that, (see below). The insulated pipe business, (Perma-Pipe) is positioned for rapid growth in a quarter and a half as the new Saudi operation takes advantage of infrastructure needs in Saudi Arabia. Perma-Pipe is not solely about oil, they have a multi-line diversified pipe insulation business that includes piping for chilled water, sulfur etc.

    As detailed in my letter to management, I hold approximately 3.1% of the outstanding shares and believe that despite the current one and a half quarter lull

    Sentiment: Strong Buy

  • http://seekingalpha.com/article/2579675-mfri-incorporated-needs-to-enhance-shareholder-value-now

    Sentiment: Strong Buy

  • www.mfri.com, Investor presentation tab, presentation

    Sentiment: Strong Buy

  • www.mfri.com, hit tab investor presentation, then click on 10/1 presentation. Very optimistic

  • 75% of a clean BV and prospects for large increase in orders over the next several years this should be 40% even with the small cap indices getting slammed

    Sentiment: Strong Buy

MFRI
6.09+0.14(+2.35%)Dec 19 4:00 PMEST

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