MRC shares have not done much for a decade, but if one looks longer term (15+ years) performance has been much better. It is up 7% in the past year. Markets can be strange, but its illiquidity certainly is a factor. Insiders own collectively about 70%. Analysts don't care (one analyst only) and with a miniscule dividend investors don't care. It is cheap at 4X earnings and on other metrics as well, but its commercial real estate exposure is likely scaring off investors right now, with that sector in the dumps. We would note that it has been profitable every single year since the real estate crash in 1991. But it needs a current catayst to get investors interested in it again. It has essentially been 'abandoned' by investors, and with the controlling interest it is not a viable takeover or activist shareholder target, either.
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