MCRAA - McRae Industries

[randomep]

 

I hear very little about about this little gem. This is a high end book maker, nobody has written about it on the web except me in the last 1 1/2 years. And the stock has more than doubled.

 

 

http://bovinebear.blogspot.com/2013/12/mcrae-q1-earnings-up-55.html

[Sportgamma]

You mean boots, right?

[no_thanks]

I follow someone on Twitter (@ValGARP) that talks about them all the time.  Congrats on a good investment, I hope it goes higher for you.  I heard the report was good the other day but didn't look into it. 

[oddballstocks]

I'm pretty sure they make boots unless they changed their business.

 

This is a blast from the past, they were a marginal net-net a few years back.  I've looked at them maybe a dozen times, missed the boat each time I passed.

 

When visiting my in-laws we drive past a western store along the highway as we pass through West Virginia that sells (or sold) McRae boots.  Every time we drive by I think about this missed double. 

[randomep]

I follow someone on Twitter (@ValGARP) that talks about them all the time.  Congrats on a good investment, I hope it goes higher for you.  I heard the report was good the other day but didn't look into it.

 

Don't have to dig up the report, just click on my link, to save yourself time.

 

thanks for the support! I love this forum!

[randomep]

I'm pretty sure they make boots unless they changed their business.

 

This is a blast from the past, they were a marginal net-net a few years back.  I've looked at them maybe a dozen times, missed the boat each time I passed.

 

When visiting my in-laws we drive past a western store along the highway as we pass through West Virginia that sells (or sold) McRae boots.  Every time we drive by I think about this missed double.

 

 

they make boots??? oh my, I have to rewrite my blog!

 

MCRAA is a huge cigar butt to me, it was netnet now no longer and I don't think it will pop much more. But this is what I hoped coming in. I am hoping that I have discovered a pattern, a lot of these old companies have had problems/issues, and restructured, and then their stock moves sideways for a long time, but their performance has consistantly improved since the restructuring. Then one day, the market suddenly discovers this and their stock doubles. I am probably going to open a position on Hanover with this expectation.

 

seriously, oddballstocks: I really like your blog, I consider it one of the two best blogs out there.

 

 

[bookie71]

I have had it for several years and it is better than a triple and paid very nice dividends over the years.  It isn't a cigar butt but a nice growing company in a very boring area.  Their real gravy is military boots.

[randomep]

I have had it for several years and it is better than a triple and paid very nice dividends over the years.  It isn't a cigar butt but a nice growing company in a very boring area.  Their real gravy is military boots.

 

ya you are right, it has both a great balance sheet and great earnings growth....

 

BTW is anyone going to the annual shareholder meeting in Mt. Gilead? I wanted to go, but the expenses and time just makes it impossible this year.