Seeking Alpha

Myers Industries (MYE) is a diversified manufacturer of polymer products targeting industrial and consumer markets. Given the company's recent developments and current stock valuation, I believe this investment bears a solid upside potential.

Company Background

Myers operates 4 business segments. The Material Handling segment, which accounted for 35% of the company's total revenue in 2012, designs and manufactures plastic reusable material handling containers, pallets, bins, as well as shelving and racking systems. The products are offered primarily under Buckhorn and Arko-Mils brands and designed to reduce customers' material handling cost and waste. The Lawn and Garden segment contributed 25% of the total revenue in 2012. This segment serves the container needs of floriculture and horticultural markets by...

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