www.QualityStocks.net would like to highlight MISCOR Group, Ltd. (OTCBB: MIGL). The company provides electrical and mechanical solutions to industrial, commercial and institutional customers through two segments: RRM (repair, remanufacturing and manufacturing) segment, which provides maintenance and repair services for industrial motors, generators and lifting magnets, and diesel engine component manufacturing, remanufacturing and repair services; and CES (construction and engineering services) segment, which provides a wide range of electrical and mechanical contracting services and engineering and repair services for electrical power distribution systems.
In the company’s recent news,
MISCOR Group, Ltd. (MIGL.OB) announced the opening of a 50,000-square-foot service center in Montreal for the maintenance, repair, and modification of locomotives and rail cars, with significant access to the Canadian National (CN) main rail line.
The Canadian operation will be part of MISCOR’s AMP (American Motive Power) Rail Services Canada, ULC, one of the five major companies that make up MISCOR. The centralized location gives the company broad access to the Canadian rail market, and provides room for future expansion.
John Martell, founder and CEO of MISCOR, pointed out the market opportunity the move represents, “Increasing customer demand combined with a lack of single-source locomotive overhaul and repair shops in the area make this facility a natural fit for our entrepreneurial organization.” He also emphasized the reputation MISCOR has with customers for “on-time and on-budget” service.
MISCOR began operations in 2000 with the purchase of a small electrical motor shop in South Bend, Indiana, and went on to acquire companies in Indiana, Alabama, Maryland, New York, Ohio, Washington, and West Virginia. In 2004, they structured themselves as a holding company, Magnetech Integrated Services Corp., changing their name to MISCOR in 2005.
MISCOR provides a wide range of electrical and mechanical solutions to industrial, commercial, and institutional customers, although they are perhaps best known for the maintenance and repair of large motors and electrical power distribution equipment. In 2007, MISCOR acquired Ohio-based 3-D Service, adding wind-power operation maintenance to their line of services.
MISCOR stock closed at $7.90 Wednesday, one of the lowest points in nearly a year, dropping its P/E ratio to under 50, its lowest point since the company began recording a profit.
About QualityStocks
QualityStocks, based in Scottsdale, Arizona is a free service that collects data from hundreds Small-Cap and Micro-Cap online Investment Newsletters into one Free Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their advertising efforts and now has over 500,000+ subscribers that receive The Daily Stock Newsletters.
To sign up for “The QualityStocks Daily Newsletter” please visit http://www.qualitystocks.net/
Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net
Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
