MSC's Earnings Report is Bad for traders...Good for Investors
As predicted...MSC Industrials Direct's guidance was below estimates by a little...ok...HUGE!
But so what? Let the "Traders" who thought they'd get something out of the earnings report whine and complain. Us investors bought this thing between $28-31 and really can't care less...
The only thing to zero in on is that the company is maximizing their operating cash flow by converting their net. This in turn gives us the coveted: "Dividend Protection" that investors of MSM can enjoy while waiting for an economic recovery (no matter how long that takes).
This is why MSM remains 2008 Stock Pick of the Year for you Stock Advisor subscribers.
For those who don't subscribe to Stock Advisor.. MSM is a great reason why you should start now.
At 20 cents a share quarterly dividend.... I want to buy more MSM...and I want to buy it at the $28-31 range if at all possible. So I fully welcome a stock price meltdown on this thing. Cause I ain't paying $38.89 for MSM during a recession! (which is where it peaked before dropping recently).
So... Deadline is Jan. 20th for MSM investors (including myself 60 shares worth) to buy some more for the Feb. Dividend payments.