Mayville Engineering's Surge Has Been Well Justified

2025-11-23 05:50:39 ET

The last few months have been a really solid time for shareholders of Mayville Engineering Company ( MEC ). Although bottom-line results for the company have been lacking, revenue has recently increased. Although it's clear that the business still faces some challenges, with what is practically guaranteed to be a worse year this year than last year, nothing changes the fact that shares in the business are trading on the cheap. The market seems to have realized this, as evidenced by the fact that, since I last reaffirmed the business as a ‘strong buy’ back in early August of this year, shares have risen 14.3%. This comes at a time when the S&P 500 is up 3.2%....

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