Can I get your thoughts on MXG qtr. Also is it a buy at these levels.
Thanks
MXG reported sales of $27.2M, a 6.1% increase year-over-year driven by higher realized power prices, and partially offset by lower generation volumes. Net profits were largely flat year-over-year, and some of this was due to lower net realized gains on commodity swaps. These were OK results, and the stock continues to be expensive on valuation, and its small size and lack of coverage make it difficult to attract new investors. Its balance sheet is decent and margins are holding up OK, but growth is fairly muted overall, and we are not overly compelled here.