Quick Take
Mayville Engineering (MEC) went public in May 2019 and raised $106 million in gross proceeds from an IPO of its common stock.
The firm provides contract manufacturing services for a variety of end markets.
MEC will likely experience demand destruction across all of its segments, except with maybe the Military segment.
My bias on the stock is Neutral until at least 2021 at the earliest.
Company
Mayville, Wisconsin-based Mayville Engineering was founded in 1945 to be a “one stop shop” solution for contract manufacturing for end-market customers, such as the heavy-