NACCO Industries, Inc.
For a variety of reasons, stock markets tend to overreact on certain issues and overlook some very basic phenomenon. Corporate turnarounds are such cases where markets often tend to discount the work in progress.
However, identifying these early indicators can lead to smart gains for investors. Here are some examples:
Shareholders of Hyster-Yale Materials Handling (NYSE: HY) must be quite happy when its share price climbed up consistently, from around $38 per share in the beginning of October 2012 to $55.50 per share. Even after a 46% advance, Hyster-Yale looks quite cheap with the valuation of only 9.5 times trailing earnings. Let’s take a closer look into the company to determine whether or not investors should get more »
Investors should be interested in companies that have a history of paying dividends. However, the history of paying dividends should go along with decent payout ratios and reasonable prices. Thus, to combine all those criteria together, I created an income stock screener to find small cap businesses with the potential of sustainable dividends. In addition, those businesses should be valued cheaply in the market. The criteria are: (1) small cap more »
NACCO Industries (NYSE: NC) completed the spinoff of its materials-handling operations through a stock dividend at the end of September 2012, with the new company operating as Hyster-Yale Materials Handling (NYSE: HY).
On Sept. 12, NACCO Industries declared a stock dividend of one share of Hyster-Yale Materials Handling Class A and Class B stock for each share of NACCO Industries Class A and Class B shares owned. The spinoff more »
I love finding a company that produces equipment needed by nearly every warehouse or production facility in the world, and I really love finding a company that is the leading producer of arguably the most critical component of that equipment. Good luck running a warehouse without a forklift, and even better luck using that forklift without the forks! Cascade Corp. (NYSE: CASC) is a leading manufacturer of "materials handling load more »
Nacco Industries (NYSE: NC) is greatly in need of break up. The company is comprised of three completely unrelated, non-synergistic businesses (selling lift trucks, mining coal, and selling kitchen appliances) that make the company unappealing to investors. The company currently trades around $90 and just over 5 times earnings, a multiple well below what its individual businesses should trade.
Nacco's lift truck business (think fork-lifts) accounted for 32% of more »