Alphabet and Mueller Industries Are Balance-Sheet Powerhouses [Yahoo! Finance]
Mueller Industries, Inc. (MLI)
Last mueller industries, inc. earnings: 2/4 07:00 am
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muellerindustries.com/investors
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Source: Yahoo! Finance
They focus obsessively on a company's income statement (profit and loss), mostly ignoring the balance sheet (assets and liabilities). I believe the balance sheet is important, particularly now that we have exited a long period of ridiculously low interest rates. The costs of carrying a lot of debt increased risk of bankruptcy and decreased strategic flexibility have risen. Once a year, I compile a list of Balance Sheet Powerhouses, companies that are rich in assets and don't have much debt. To make my Balance Sheet Powerhouses list, a company must: Have a market value of $5 billion or more. Have debt no more than 10% of the company's net worth. Be based in the United States. Have a current ratio (current assets divided by current liabilities) of 2.0 or more. Have positive earnings of 20 cents per share or more. This year, 41 companies make the list, but many of their stocks are too expensive for my taste. I recommend three of them, starting with Mueller Industries Inc.
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MLI
News
- Mueller Industries, Inc. Declares Cash Dividend for Second QuarterBusiness Wire
- We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Mueller Industries, Inc.'s (NYSE:MLI) CEO For Now [Yahoo! Finance]Yahoo! Finance
- Mueller Industries, Inc. Reports First Quarter 2024 Earnings [Yahoo! Finance]Yahoo! Finance
- Mueller Industries, Inc. Reports First Quarter 2024 EarningsBusiness Wire
- Mueller Industries, Inc. Agrees to Acquire Nehring Electrical Works Company [Yahoo! Finance]Yahoo! Finance
MLI
Sec Filings
- 5/15/24 - Form 4
- 5/13/24 - Form 8-K
- 5/13/24 - Form 4
- MLI's page on the SEC website