Mueller Industries, Inc. (NYSE:MLI) recently delivered a beneficial quarterly report that included significant revenue growth coming from the acquisitions of Nehring and Elkhart. In my view, given previous activity in the M&A market, we could expect further inorganic growth
Mueller Industries: Some FCF Catalysts, But Small Margin Of Safety
Summary
- Mueller Industries' recent acquisitions and potential future M&A activity could drive significant revenue and free cash flow growth.
- A decrease in taxes and environmental regulations under the new administration could benefit MLI's financial performance.
- Risks include work stoppages, union negotiations, and the strengthening U.S. dollar affecting international sales and competitiveness.
- I sold my position due to insufficient margin of safety and MLI's lack of stock repurchases.
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