SwingTrade Member Forum

[MikeDDKing]

MASC is a turn around situation. MASC makes coated products (mainly metal) that are used to solve noise, vibration, and temperature problems for automotive, home appliance, telecommunications, HVAC, electronics, lawn and power equipment, and construction industries. Here are some reasons that I like MASC:

1. They made $0.31/share last quarter. It was $0.30 when you back out all of the one time items. While it is possible that they repeat that number next quarter, they don't need to come anywhere close to it for MASC to remain massively undervalued.

2. MASC had a book value of $5.15/share as of the end of the May quarter. Therefore, they are trading at less than book value. They closed on a sale of assets in June. After that sale they had roughly $2.40/share in cash.

3. MASC just got listed on the Nasdaq. I have found that typically companies with improving earnings go for a listing when they expect to have more good news to report. So, I think the new Nasdaq listing bodes well for MASC.

MASC will report their fiscal second quarter results on October 7th.