Added to YB: 2024-02-05
Pitch date: 2024-02-04
MSB [bullish]
Mesabi Trust
+127.55%
current return
Author Info
No bio for this author
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Company Info
Mesabi Trust, a royalty trust, engages in iron ore mining business in the United States. The company was incorporated in 1961 and is based in New York, New York.
Market Cap
$457.6M
Pitch Price
$15.22
Price Target
N/A
Dividend
19.87%
EV/EBITDA
N/A
P/E
4.93
EV/Sales
17.45
Sector
Metals and Mining
Category
dividend
Show full summary:
Mesabi Trust: Full Production Is Back Despite Cleveland-Cliffs' Ambitions
$MSB Q div $0.37 despite Northshore Mine threats frm $CLF CEO. 7.2% yield>bonds w/volatility. Royalty structure benefits exponentially frm higher ore prices, past divs >$4.50/Q @$180+. CN stimulus & union relations support. Asymmetric exposure: stable earnings @low prices, spikes @50%+.
Read full article (3 min)