Mesabi Trust (MSB)
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.
Recs
TSIF
(98.47)
Submitted: 9/18/2009 6:21:31 PM :
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
rastapatch
(< 20)
Submitted: 8/29/2009 2:26:46 PM :
Start Price:
$9.07
MSB Score:
+22.95
stinky feet
Recs
Bohica22
(< 20)
Submitted: 8/11/2009 6:29:52 AM :
Start Price:
$9.72
MSB Score:
+11.76
Good earnings, low PE, No debt and beaten down.
Recs
VinLucero
(< 20)
Submitted: 7/20/2009 5:26:03 PM :
Start Price:
$8.69
MSB Score:
+20.26
Near 52 week low.
Recs
Scones
(55.67)
Submitted: 6/20/2009 4:03:48 PM :
Start Price:
$11.36
MSB Score:
-16.57
Fat dividend and a nice valuation IMO.
Recs
jbs4radio
(< 20)
Submitted: 6/16/2009 8:14:08 AM :
Start Price:
$9.56
MSB Score:
+17.33
MFI following, all have negative Fool ratios but impressive 3 month gains
Recs
ironman77
(< 20)
Submitted: 6/4/2009 4:14:36 PM :
Start Price:
$12.74
MSB Score:
-23.01
low p/e, good earnings, nice dividend, positive growth outlook, and bought it at $6.20 acouple of month's ago.
Recs
ttboydxb
(98.76)
Submitted: 5/29/2009 4:46:47 PM :
Start Price:
$12.18
MSB Score:
-21.01
I have to admit, I'm a dividend sl*t!!! :)
Recs
diditbad100
(71.11)
Submitted: 5/20/2009 6:45:24 PM :
Start Price:
$11.56
MSB Score:
-21.39
Up on high volume.
Recs
DNAJUICE
(91.47)
Submitted: 5/12/2009 6:03:28 PM :
Start Price:
$10.52
MSB Score:
-10.82
Solid fundamentals and growth opportunity here.
Recs
LRMarbitrage
(98.13)
Submitted: 4/30/2009 1:37:09 PM :
Start Price:
$9.54
MSB Score:
-2.49
magic formula
Recs
scottmcclure
(80.31)
Submitted: 4/27/2009 5:26:45 PM :
Start Price:
$9.06
MSB Score:
+0.37
testing high ROE/RGR
Recs
gregfelt
(< 20)
Submitted: 4/27/2009 4:13:45 PM :
Start Price:
$9.06
MSB Score:
+0.37
Great Growth to P/E, high dividend safety. Vestorvest ranks it as one of it's highest ranking on all of its criteria.
Recs
bdohaney
(73.15)
Submitted: 2/17/2009 8:09:19 PM :
Start Price:
$7.52
MSB Score:
+17.52
This stock is one to watch. Right now steel is down, but will not remain so permanently. The company has good numbers and should show good growth.
Recs
thestinkyfeet
(94.06)
Submitted: 1/24/2009 3:50:41 PM :
Start Price:
$9.07
MSB Score:
-2.88
The pitch for this stock can be found on the Stinky Feet discussion board at http://boards.fool.com/Message.asp?mid=27356289 . Stop by and let us know what you think
Recs
traderpat9
(93.81)
Submitted: 1/23/2009 8:17:44 PM :
Start Price:
$9.07
MSB Score:
-2.88
THIS IS GOING TO BE A MID 09 BUY & HOLD FOR MY PORTFOLIO. THIS STOCK COULD SEE $150.00 IN THE 3/5 YEARS. BUY & HOLD!!!!!!!!!!!!
Recs
Recs
StockSpreadsheet
(67.08)
Submitted: 1/16/2009 10:20:27 PM :
Start Price:
$10.74
MSB Score:
-13.47
The pitch for this stock can be found on the Stinky Feet discussion board at http://boards.fool.com/Message.asp?mid=27356289.
Recs
Capsperson
(99.75)
Submitted: 1/16/2009 7:07:44 AM :
Start Price:
$10.45
MSB Score:
-16.63
Low p/e of 4. This trust will deliver cash pursuant to its objective. Long term hold.
Recs
Kowboy01
(55.38)
Submitted: 1/9/2009 10:35:52 AM :
Start Price:
$10.92
MSB Score:
-16.41
Just bought some of this. The yield is fantastic, its an inflation hedge, and likely to benefit from the stimulus. It may go down in the short term, but with a monthly payout, I can buy on the dips.
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