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MSM reaches all-time High!

posted Apr 16, 2010, 3:06 AM by Mohit Kumar
While our portfolio continues to flourish and our first pick of Q1 already on a roll, lets take a peek at MSM. We opened a position in it last June, at a time when Zacks had a Sell recommendation on it. We were confident for a reason and the patience is now paying off with our current returns on it around 60%.

The industrial supplier reported a 14% increase in sales and 17% rise in profit in Q2. It is seeing growth in its large national and government accounts. But the biggest boost to the stock was given by its surprise guidance of 26% sales growth and 47% profit growth in Q3!! This indeed is a great news and we still believe there is more left in MSM for us to exploit. However, yet again, this may be a good time to lock some gains and look to re-invest.

Stay tuned for our next recommendation, coming soon!