SDVKY - Business Is Improving For MSC Industrial But The Street Isn't So Impressed
- MSC slightly exceeded Street sales expectations in the third quarter, as manufacturing markets recover, but margin leverage wasn't particularly exciting.
- The Street appears to be moving on from short-cycle industrial stories, making it even more important that management executes on its growth/market share and margin improvement initiatives.
- MSC offers a pretty good dividend yield for an industrial stock, but the share price appreciation potential is more run-of-the-mill today, and management execution remains a "show me" story.
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Business Is Improving For MSC Industrial, But The Street Isn't So Impressed