Through its wholly-owned Chinese subsidiary, Hainan Jinpan, the Company designs, manufactures and sells cast resin transformers for voltage distribution equipment in China.
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Bought shares in MRLP today at 11.87 / share. It scares me how small this cap is on this stock, but year after year this thing keeps plugging away in an economy that is a growth machine. Stock trades at about Net Book Value as well, so I'm going ahead and taking a chance that this isn't a scam, but actually a genuine company with real growth potential. If this ends up being true, then the PE on this stock should expand significantly, and the return on the stock should be great even if earnings don't grow all that much.
Well, so much for a long term hold on this stock. I bought it at $11.87 / share, and sold it today at about $14 / share. It just went up too far too fast (with no news) for me to believe that the gains will hold on in the short term. However, I may pick this one up again, as it still seems to have some solid LT potential. I'm sure I'll be kicking myself in a month when this stock is at $20 / share, but se la vie.
Back in at $14 / share. I thought it would drop after the run-up, but it did not. I keep revisiting the fundamentals on this one, and got back in; albiet, not as large a position as I once had, so I may feel more comfortable holding onto this one even during its ups and downs this go-round.