Home > Boards > US Listed > Alternative Energy > Paul Mueller Co. (MUEL)

Beautiful report today. Great earnings, $7 for the

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ZachBuffett   Friday, 03/18/16 06:38:46 PM
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Beautiful report today. Great earnings, $7 for the year makes it around a 4 P/E

http://finance.yahoo.com/news/paul-mueller-company-announces-earnings-200700134.html

Being proactive about managing their pension liability is a huge plus imo:

Quote:
On March 18, 2016, the Company announced their intent to offer voluntary one-time lump-sum payments to former employees who have not yet begun drawing a benefit from one of the pension plans covering employees who are represented by a bargaining unit and employees who are not represented by a bargaining unit. Those eligible to receive the voluntary offer are any participants in the plans who are no longer employed by the company by May 6, 2016, and have not yet begun drawing a benefit from the plan. The lump sum payments will be distributed on or about October 1, 2016.



And a $3 million buyback. Awesome.

Quote:
On March 18, 2016, the Company announced a repurchase program of up to $3 million of the Company’s common stock. The stock repurchases may be made from time to time in the open market, in compliance with a Rule 10b5-1 share repurchase plan adopted by the Company, or in privately negotiated transactions in compliance with applicable state and federal securities laws. The timing and amounts of any repurchases will be based on market conditions and other factors including price, regulatory requirements, and capital availability. The program does not require the repurchase of any minimum number of shares and may be suspended, modified, or discontinued at any time, without prior notice.



Would have been nice to grab some of those inexplicable $23s while they lasted.

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