On the stock market since 2020, it operates in the world of heavy industry. It has 3,400 employees. Now — the numbers.
The company closed last year at a loss: costs ran above sales. The picture changes only if spending is reined in.
Revenue is spread across several lines; no single product carries the company.
Average growth of 11% a year over the last 4 years. Red columns mark years that ended in a loss.
Before the clock runs out, either sales must climb sharply or new money must come in. For now, time is on the company’s side.
An investor who bought at the very peak is down 80% today. The business is the same; what changed most is the price — and the expectations — the market pins on it.
Over the last 3 years, sales grew about 15% a year on average.
The company sells $830.5M a year; the problem isn’t sales — it’s costs running above that number.
Over the last 12 months, company executives reported 29 buys and 24 sells. Management buying with its own money is usually read as a good sign.
A loss of $843K against $830.5M in annual sales.
Since the drop from its peak, buyer appetite hasn’t come back.
On our five-subject report card, MEG sits behind the class. A low grade doesn’t mean “doomed” — it means “big claim, small proof.”
The takeaway: MEG has solid sales but closed last year at a loss. The road back to profit runs through spending discipline.