Myers Industries, Inc. (NYSE:MYE)

CAPS Rating: 3 out of 5

The Company manufactures a range of polymer products for industrial, agricultural, automotive, commercial, and consumer markets.


Player Avatar TMFMattyA (99.71) Submitted: 4/17/2008 3:44:09 PM : Outperform Start Price: $10.99 MYE Score: +20.27

One man's junk is another man's treasure, right? Well, Goldman Sachs might not think Myers is junk, but it sure seems like the rest of the market thinks so after the failed buyout attempt. I'm happy to add Myers to my treasure chest. It has a large portfolio of diverse products that people aren't going to stop using anytime soon. Moreover, Myers has a strong history of generating stable free cash flow, and a management team that is focused on paying down debt, cutting costs, and growing the business. I think an investment in Myers at these prices will deliver long-term market-beating returns. Heck, if Myers was good enough for Goldman at $22.50, it is good enough for me at $12!

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