MPX - The Bottom Fishing Club: Possibly The Lowest Valuation Ever For Marine Products

2024-03-26 17:42:41 ET

Summary

• Marine Products is a Georgia-based manufacturer of smaller fishing and seaside excursion boats, with a leading market position.
• The company has enjoyed strong returns and margins since 2021, with zero debt and plenty of cash on hand currently.
• A record-low valuation and conservative financial position have created an attractive investment opportunity in MPX.
• The potential for dramatic investment upside exists (100% or better) if the U.S. economy outperforms current weak expectations for 2024-25.

Marine Products Corp. ( MPX ) is a leading manufacturer of smaller, lake and seaside boats for families and fishing businesses. Located in Georgia, all design and production is handled through one U.S. plant, with a vertically integrated business model. Yet, 300 independent dealers across the world sell product for the company. In their size range for outboard boats, the MPX Chaparral brand holds the #1 market position, while Robalo holds the #3 market spot....

For further details see: