$11.82 0.05 (+0.42%)
11/20/2009 3:59 PM

Mesabi Trust (MSB)

CAPS Rating: 5 out of 5

The sole purpose of the Trust is to conserve and protect the Trust Estate and to collect and distribute the income and proceeds therefrom to the Trust's certificate holders after the payment of, or provision for, expenses and liabilities.

Current Price $11.82 Mkt Cap $155.08M
Open $11.63 P/E Ratio 9.97
Prev. Close $11.77 Div. (Yield) 0.88 (7.50%)
Daily Range $11.51 - $11.85 Volume 40,810
52-Wk Range $5.00 - $13.40 Avg. Daily Vol. 76,000

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All Members

182 Outperform
8 Underperform
 

All-Star Members

83 Outperform
2 Underperform
 

Wall Street

0 Outperform
0 Underperform
 

Top MSB Bull/Bear Pitches

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TSIF (98.47)
Submitted September 18, 2009

Mesabi Trust (I cribed this one from TheStinkyFeet), is a dividend play. IF the S&P has topped then it might be time to look for good dividend hands again. The problem is that most of the companies known for their dividends are in a bit of… More

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MSB VS S&P 500 (SPY)

Recent Community Commentary

Read the most recent pitches from members about MSB.

Recs

1
Member Avatar TSIF (98.47) Submitted: 9/18/2009 6:21:31 PM : Outperform Start Price: $9.65 MSB Score: +19.85

Mesabi Trust (I cribed this one from TheStinkyFeet), is a dividend play. IF the S&P has topped then it might be time to look for good dividend hands again. The problem is that most of the companies known for their dividends are in a bit of trouble. There are some good and some bad, but the ol' standby REIT' should all be looked at very carefully in this economy. Mesabi is also NOT bullet proof, holding interests in iron ore which is questionable during a recession, but seems to be fairing okay IF there really will be a rebound. As a trust, looking at their balance sheet is not too productive as far as margins, book, sales. What is useful is Revenue (from the trusts), quarterly growth, and cash flow which is parsed out in dividends. They do not retain any funds. To see how good of a year, (size of dividends) they might distribute would require diving deep into actual business's that feed in the revenue AND by doing some calculations on the iron ore prices, most of which theirs is low grade. Their dividends are very erratic. As such, from a caps perspective, I don't plan on doing that exercise. They typically average 10% dividends and stock price will appreciate if dividends increase. My thesis is that any fair dividends should beat out the S&P if we are topping. If we kick out another 30% gain in the next year then unless MSB sees both share price appreciation and dividend increases then it's probably no contest. In '06, '07, and '08 the largest of the four annual dispersements was in October, so maybe I can give this a try for the short run and see how it goes without getting "too hurt". :)

Recs

0
Member Avatar rastapatch (< 20) Submitted: 8/29/2009 2:26:46 PM : Outperform Start Price: $9.07 MSB Score: +22.95

stinky feet

Recs

0
Member Avatar Bohica22 (< 20) Submitted: 8/11/2009 6:29:52 AM : Outperform Start Price: $9.72 MSB Score: +11.76

Good earnings, low PE, No debt and beaten down.

Leaderboard

Find the members with the highest scoring picks in MSB.

Score Leader

Enyay4

Enyay4 (98.90) Score: +45.73

The Score Leader is the member with the highest score across all their picks in MSB.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
S&P
Gain
Score Commentary
SunshineVilla < 20 7/24/2008 Underperform NS $21.43 -44.85% -10.00% +34.85
MylesPatrick 76.33 2/20/2009 Outperform 1Y $6.72 +76.01% +42.35% +33.66
bwbishop 99.14 11/20/2008 Outperform NS $6.95 +70.07% +38.18% +31.89
onepremise 50.55 9/3/2009 Outperform 5Y $8.35 +41.51% +9.88% +31.63
smcnei2 99.23 7/20/2009 Outperform NS $8.20 +44.22% +16.04% +28.18
BullsnBears77 67.73 12/4/2008 Outperform 5Y $7.43 +59.01% +32.63% +26.38
msmith1862 98.37 3/30/2009 Outperform 3Y $7.20 +64.28% +38.55% +25.72
dcstrade 95.62 12/22/2008 Outperform 1Y $7.64 +54.76% +29.35% +25.40 1 Comment
Gary158 80.06 7/20/2009 Outperform 3Y $8.37 +41.18% +16.24% +24.95
This player feels very strongly about this pick and has marked it a Top Pick. Top Picks do not affect a player’s score. rastapatch < 20 8/31/2009 Outperform 5Y $9.07 +30.36% +7.41% +22.95 1 Comment

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