Priced at $12.50, 17% under expected mid-point of $15
. Low gross margin of 33%
. Uneven quarterly progression
. Revenue somewhat recurring
. Due to ‘recession’ customers are delaying but not necessarily canceling business
. P/E ratio seems high
read more in IPO report
www.gaskinsco.com/linkto-mg.shtml
Mistras Group IPO priced 17% under expected mid-range
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.