Hey, everybody! Sorry for keeping you waiting for my next stock analysis. It’s been busy at work. My one year work anniversary was last week, and that means I had performance reviews and meetings and all sorts of fun things to deal with. Combine that with a bug I found in our performance metrics software, and that took more time than necessary. And of course, we’re busy with a major project on my team. My role is minor, but it’s an all-hands-on-deck situation, so I’ve been dealing with all that. I just don’t have the time it takes to analyze a company in any detail. Hopefully should resolve itself soon.
Anywhoozle, I’ve worked on an analysis of a lesser-known Dividend Aristocrat, MSA Safety Inc. As I mentioned previously, from now on, I’m going to post the full article on SeekingAlpha, and just post the basics (company summary and conclusion) on my blog. Hope it helps!
Quick Synopsis:
MSA Safety is a manufacturer of safety equipment. Products include SCUBA gear, gas masks, helmets, and body armor; these are sold to customers in the fire service, military, mining, oil & gas, and regular commercial areas.
After taking a look, MSA doesn’t meet my criteria for purchase. It doesn’t have the quality rating, the dividend growth, or the value that I look for in my investments. Though I can’t deny that MSA is in a good market position, nor can I overlook its reasonable financial statements and Dividend Aristocrat status, I just don’t think MSA provides the dividend growth or stability I need in my current portfolio. I will be passing on the name until such time that the dividend growth rate picks up or the value becomes too great to ignore. Hold it if you got it, but I’d suggest looking elsewhere before buying MSA Safety today.
The full article is available here. Be sure to follow me on SeekingAlpha if you are not already. All the best!
Disclosure: None
My stock analysis archive page has been updated accordingly. Please read my disclaimer here before choosing to invest. Company logo image source is available here.
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