Mesabi Trust - Why I See 80% Upside To Conservative Fair Value [Seeking Alpha]
Mesabi Trust (MSB)
US:NYSE Investor Relations:
mesabi-trust.com
Company Research
Source: Seeking Alpha
Mesabi Trust - Why I See 80% Upside To Conservative Fair ValueSummaryForward yield estimate now 17% and P/E is 6 - an unsustainably low valuation.Implied ore pricing up 55% year over year and 18% above fiscal 2011, a banner year in which Mesabi's stock price approached $50 per share.Volume estimates for ore shipped are running at 65% above full-year 2016 levels and neck-and-neck against fiscal 2011.Unique catalyst - Expiration of a below-market contract will cause Mesabi's royalty income to ramp higher.I am moving my conservative fair value target to $30 per share.
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News
- Murray Stahl's Horizon Kinetics Reduces Stake in Mesabi Trust [Yahoo! Finance]Yahoo! Finance
- Mesabi Trust Press Release [Yahoo! Finance]Yahoo! Finance
- Mesabi Trust Press ReleaseBusiness Wire
MSB
Sec Filings
- 2/13/24 - Form SC
- 2/6/24 - Form SC
- 2/1/24 - Form 8-K
- MSB's page on the SEC website