"Mesabi Trust (MSB): Among the Cheap Growth Stocks to Buy Now"

Ladies and gentlemen, listen up! We've got a hidden gem in the steel and materials sector that you need to know about. Mesabi Trust (MSB) is a royalty trust that's been quietly making waves, and it's time for you to take notice. This stock is ON FIRE, and you don't want to miss out on this opportunity.



First things first, let's talk about the numbers. Mesabi Trust's revenue skyrocketed to $22.86 million in 2023, a whopping 195.30% increase from the previous year. Earnings weren't far behind, jumping to $18.98 million, a 257.56% increase. That's growth, growth, growth! And the best part? This isn't some flash-in-the-pan performance. The company's dividend yield is a staggering 28.45%, and it paid out $6.93 per share in the past year. That's a dividend yield that's off the charts, and it's attracting yield-centric investors like bees to honey.

But here's the kicker: Mesabi Trust's success isn't just about the numbers. It's about the story behind the numbers. The company's royalty income is directly tied to the volume of iron ore mined from its property, and that volume has been recovering nicely. As the volume goes up, so do the royalty rates, and that means more money in your pocket. It's a no-brainer!

Now, let's talk about the risks. Mesabi Trust is heavily dependent on Cleveland-Cliffs Inc. for mining operations, and that's a potential red flag. But here's the thing: Cleveland-Cliffs has been making all the right moves. They resumed mining operations in mid-2023, and that's been a game-changer for Mesabi Trust. The company's dividend payments were paused when the mine was idled, but now that it's back in action, the dividends are flowing again. It's a win-win situation.

But don't just take my word for it. Let's look at the data. Mesabi Trust's stock price has increased by +34.92% in the last 52 weeks, and the beta is 0.75, so the price volatility has been lower than the market average. That's a sign of stability, and it's exactly what you want in a growth stock.

So, what's the bottom line? Mesabi Trust is a cheap growth stock that you need to own. The dividend yield is off the charts, the growth is real, and the risks are manageable. Don't miss out on this opportunity. Buy now, and watch your portfolio grow!