Was a great quarter. They had a 2.9 million charge on the accident. There was also a 500k lifo reserve charge. Pre tax income is almost idential to last quarters blowout in my opinion.
MUEL $45.00, I added some this morning. If you ex out the one time charges, $2.9 million for the reserve taken for the accident with a field fabrication tank; and the $500,000 LIFO reserve taken in the quarter; then MUEL would have made a ton.....about $2.50/share after taxes. I expect a solid December quarter which has been their seasonally strongest.
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