Mueller Water Products: A Spin-off With Value
By Jason on Mon, 2007-01-22 09:49
(via utility.seekingalpha.com)
So what is Mueller worth? Using three different valuation methodologies – private market value, peer public company multiples and a sum-of-the-parts analysis, we think Mueller shares are worth in the mid-$20s, versus under $15 today. We think that is plenty cheap for a stable, high-quality business and have been buying aggressively at today’s prices.
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I agree with the importance of looking into spin-off opportunities. I currently have positions in IAR, WU, and SBH.