Value Microcaps Motherboard

[abh3vt]

MVK rolling over today, now down below 45. Current expectations forecast decent eps growth in FY06 and FY07:
http://finance.yahoo.com/q/ae?s=MVK

Stock is trading at 6.7x FY06 estimates.

Perhaps some are lowering their forecasts based upon the strength in steel pricing?

Steel Prices Are Likely to Jump,
Adding to Manufacturers' Woes
By PAUL GLADER
May 24, 2006; Page A2

Steel prices, which had been expected to taper off in the second half of the year, are now expected to rise nearly 19% from current levels in the third and fourth quarters to offset rising iron-ore costs.

The increase could put extra cost pressure on manufacturers contending with rising energy and commodities prices.

Some analysts ratcheted up forecasts for steel prices following 19% increases in prices for iron ore, a steelmaking ingredient, from the world's three largest iron-ore exporters -- London's Rio Tinto PLC, Brazil's Companhia Vale do Rio Doce and Australia's BHP Billiton Ltd., which control 75% of iron ore shipped abroad. The three have negotiated price increases with major European and Asian steelmakers in recent days.

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In listening to previous MVK CCs, I believe they had forecast flat steel prices through this year....not sure how much this could impact margins, but obviously someone wants out today.