Yes - due to cash accumulation MLX gets safer every month that goes by . It’s safer now than last quarterly , and it will be safer next quarterly than now - It’s a an amazing thing seeing cash accumulation at these levels. 63% -65% of the SP is cash and investment backed as we speak. If they can succeed with Greentech , this could easily double . Its increased market cap will inturn make it a bigger part of the index driving further SP upside . To me there are few impotent things about MLX that allows for a big allocation in my portfolio today
1. extreme down side protection ( relative to the market ) 2 strong upside from a BAU perspective from cash and organic growth 3 leveraged upside from higher Tin 4 massive additional upside from a Greentech acquisition and or successful rentails development 5 something not discussed - acquisition from a bigger player - domestically and globally . US intervention in Aplhamine / DRC issue has interesting implication for MLX
MLX Price at posting:
54.0¢ Sentiment: Buy Disclosure: Held
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