MCS Steel Non-Voting DR MSTUF

M.C.S. Steel Public Company Limited is a Thailand-based steel fabricating company. The principal activities of the Company and its subsidiaries are production and distribution of structural steel products for building construction, and residential development projects for sale. It is a large steel structure manufacturer, especially steel beams and columns for the construction of large high-rise buildings such as office buildings, hotels, shopping malls, and others. There are two types of steel structures produced by the Company: the steel structure used as a column-box and the steel structure used as beams, which are important components of the building. Its subsidiaries include Tanaka Welding Center Co., Ltd., which is focused on welder training and real estate; M.C.S.-Japan Co., Ltd., which is engaged in the design and production of structural steel products; and M.C.S. Steel-Xiamen Co., Ltd., which is engaged in the production and distribution of structural steel products.

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MCS Steel Non-Voting DR > Replacement Holding for a Great Sector?

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Comment by RonaldCalmon Jan 20, 2017 10:45am

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Post# 25733577

RE:RE:RE:Replacement Holding for a Great Sector?

My concern with the sector is that it is no longer clearly undervalued.

A year ago you had these US Apartment REIT's trading at 20-40% below NAV.
Now they seem to all be within 10% of their NAV.
Not the safety valve there any more.

Increase in stock prices will now be driven primarily by the fundamentals of the REIT.
I still like the space, but I thing the easy money has been made.
2 years ago these were small undiscovered REITS - vastly undervalued.
Not so anymore., They have been discovered..

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