The Bottom Fishing Club: Possibly The Lowest Valuation Ever For Marine Products [Seeking Alpha]
Marine Products Corporation (MPX)
Last marine products corporation earnings: 4/29 06:45 am
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US:NYSE Investor Relations:
marineproductscorp.com/profile
Company Research
Source: Seeking Alpha
The company has enjoyed strong returns and margins since 2021, with zero debt and plenty of cash on hand currently. A record-low valuation and conservative financial position have created an attractive investment opportunity in MPX. The potential for dramatic investment upside exists (100% or better) if the U.S. economy outperforms current weak expectations for 2024-25. Marine Products Corp. NYSE: MPX ) is a leading manufacturer of smaller, lake and seaside boats for families and fishing businesses. Located in Georgia, all design and production is handled through one U.S. plant, with a vertically integrated business model. Yet, 300 independent dealers across the world sell product for the company. In their size range for outboard boats, the MPX Chaparral brand holds the #1 market position, while Robalo holds the #3 market spot. The company has enjoyed killer returns and margins over the years. MPX has zero debt, plus plenty of cash on hand (representing roughly 20% of the equ
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MPX
News
- Marine Products Corporation (NYSE:MPX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Marine Products First Quarter 2024 Earnings: EPS: US$0.13 (vs US$0.34 in 1Q 2023) [Yahoo! Finance]Yahoo! Finance
- Marine Products Corporation Reports First Quarter 2024 Financial Results And Declares Regular Quarterly Dividend And $0.70 Per Share Special Dividend [Yahoo! Finance]Yahoo! Finance
- Marine Products Corporation Reports First Quarter 2024 Financial Results And Declares Regular Quarterly Dividend And $0.70 Per Share Special DividendPR Newswire
- While institutions own 18% of Marine Products Corporation (NYSE:MPX), private companies are its largest shareholders with 58% ownership [Yahoo! Finance]Yahoo! Finance
MPX
Earnings
- 1/25/24 - Miss
MPX
Sec Filings
- 4/25/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/24/24 - Form 8-K
- MPX's page on the SEC website