MEC - Mayville Engineering Company: As Mr. Market Becomes More Bearish I Become More Bullish
2024-05-05 23:46:26 ET
Summary
- Mayville Engineering Company's stock has seen a 10.2% decrease since February 2023, while the S&P 500 has increased by 22%.
- Despite short-term pain, the company's financial performance has been decent, with management forecasting continued growth in the coming years.
- MEC stock is cheap compared to similar companies, and if the company achieves its targets, there is significant upside potential.
When it comes to investing, patience is a double-edged sword. On the one hand, waiting long enough for an investment thesis to play out is often necessary. On the other hand, if you wait too long, even if things turn out the right way, the annualized return that you achieve might be less than ideal. One company that investors likely feel frustrated about is Mayville Engineering Company ( MEC ). After all, since I last rated the business a ‘buy’ back in February 2023, shares have seen a downside of 10.2%. That compares to the 22% increase seen by the S&P 500 over the same window of time....
Mayville Engineering Company: As Mr. Market Becomes More Bearish, I Become More Bullish