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MLAB - Assessing Whether Mesa Laboratories Can Sustain Its Rally
Mesa Laboratories Inc.
One stock which has had a monstrous run-up over the past decade has been Mesa Laboratories (MLAB). This company operates in the "Scientific & Technical" instruments in the tech industry where it focuses on control instruments. Although operating earnings have grown by just under 9% over the past decade, it has been the firm's top-line which has really driven the company forward. Top-line sales have grown from $22 million in 2010 to hit $105 million over the past four quarters. This is an average annual growth rate of 17% which is quite impressive.