Mueller Water Products: A Spin-off With Value

(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.

Nick on Mon, 2007-01-22 11:19

I agree with the importance of looking into spin-off opportunities. I currently have positions in IAR, WU, and SBH.