Mueller Industries, Inc. MLI

Mueller Industries (MLI) last closed at US$59.93 after a period where the share price declined about 5% over the past month and roughly 12% across the past 3 months. For context, Mueller Industries has given shareholders a 19.96% total shareholder return over the past year, while the share price is only slightly higher year to date. The recent 3 month share price decline of about 12% points to momentum fading in the short term even as long term holders still sit on very strong multi year...

Mueller Industries has delivered a very strong multi year share price run, which naturally raises a simple question for anyone looking at the stock today. Are the current cash flows of the business enough to support the price you see on the screen, or is the market leaning heavily on what might come next. Over the past 5 years the stock has returned about 7x, which puts a lot of weight on whether Mueller Industries' cash generation can keep backing up that kind of long haul performance. The...