MFRI Incorporated Needs To Enhance Shareholder Value Now
- MFRI Incorporated is a cheap play on a growing insulating pipe business and has an opportunity to enhance shareholder value at a price that is well less than book value.
- Valuation and future expected orders make a strong case for a stock buyback at these levels.
- Management has not focused on increasing shareholder value and needs to now.
- Ample liquidity on the balance sheet compels a share repurchase.