Marine Products Corporation (MPX)

5.38 -0.02  -0.37%  May 30, 8:00PM Go Pro
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Marine Products Corporation Tangible Common Equity Ratio: 80.29%

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MPX Tangible Common Equity Ratio Rankings

Overall 10th percentile 3940 of 4391
Sector 7th percentile 354 of 381 in Consumer Goods
Industry 0th percentile 10 of 10 in Recreational Goods, Other

MPX Tangible Common Equity Ratio Range, Past 5 Years

Minimum 74.32% Mar 2008
Maximum 83.73% Dec 2011
Average 80.30%

About Tangible Common Equity Ratio

The tangible common equity (TCE) ratio is a useful number to gauge leverage of a financial firm. Specifically, it answers the question: "How much can the value of a bank's assets fall before the entire value of tangible* common equity is wiped out?"

For example, assume a bank as a TCE ratio of 5%. If the value of all of the banks assets fell by 5%, theoretically stockholders would no longer have a claim on the bank's tangible assets.

Another way of thinking about the TCE ratio of 5% is that the remaining 95% of the bank's tangible assets have been purchased using loaned funds that the bank must repay.

This ratio is worth spending time with. Once investors understand its implications, they rarely look at banking businesses the same way.

* The word tangible, in accounting, essentially means anything that can be touched or traded. Cash, buildings, accounts receivable, inventories and stock holdings of a business are all tangible assets. Trade secrets, patents, copyrights, and goodwill are not tangible assets, even though they may have value.
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MPX News

Consumer Cyclical Sector Wrap
May 18, 4:45PM Fox Business
Listen to $MPX Q1 2012 earnings call - live at 08:00 AM, ondemand after - http://stks.co/3Uz0
about 36 days ago by earningscast
$MPX filed latest Proxy Statement with the SEC (Form DEF 14A) http://stks.co/2ze4
about 71 days ago by MarketBrief
$MPX filed latest Proxy Statement with the SEC (Form DEF 14A) http://stks.co/2xxF
about 72 days ago by MarketBrief
$MPX filed latest Proxy Statement with the SEC (Form DEF 14A) http://stks.co/2wKS
about 73 days ago by MarketBrief
Marine Products Reinstates Quarterly Dividend: http://stks.co/25ah $MPX
about 127 days ago by DynamicDividend
Listen to $MPX Q4 2011 earnings call (EPS 0.04 vs est 0.02) - live at 08:00 AM, ondemand after - http://stks.co/24zV
about 127 days ago by earningscast
$MPX filed latest Quarterly Report http://stks.co/wyw
about 210 days ago by MarketBrief
Marine Products Corp. (MPX) Tops Q3 EPS by 1c
Oct 26, 7:22AM Street Insider
$MPX http://chart.ly/owhhugp Marine Products - Broke Out and Still Running
about 590 days ago by OptionRadar
$MPX I've already been burned once so shying away. But this is one helluva juicey short fm a L/T perspective.
about 769 days ago by derekbobbe
If you do decide to short $MPX, be VERY careful. Earnings r up next week and it's lliquid as h*ll & can run in a heartbeat.
about 769 days ago by derekbobbe
As much as I don't like $BC, I hate $MPX even more. This name is trading at a P/S ratio of 6.79x, Tang P/B 3.45x, neg earnings.
about 769 days ago by derekbobbe
Shorted $MPX at 6.95
about 821 days ago by biggie31
Note: $MPX was referring to a mandatory buy-in by the broker due to no available inventory. Sum may have confused this with a stop-loss.
about 826 days ago by derekbobbe
Still have couple of small legacy accts at Scottrade, which is y I got burned on $MPX. Have had dozens of buy-ins fm Scottrade, 0 fm TD. $$
about 826 days ago by derekbobbe
Got nailed by a buy-in 4 $MPX one day after posting my short story. Coincidence? Note: I may not disclose thinly traded shorts in future.
about 826 days ago by derekbobbe
$MPX selling for 10x peak earnings in 2005, earnings were falling sharply even b4 recession. Credit is dry, this biz is permanently shrunk.
about 832 days ago by derekbobbe
$MPX selling for 10x peak earnings in 2005, sales were falling sharply even b4 recession. Credit is dry, this biz is permanently shrunk.
about 832 days ago by derekbobbe
@derekbobbe Yes,blood's in the water. Sharks should be circling $MPX. We ain't smart enough to know when to short, but these fundies suck.:)
about 832 days ago by wallstreetbean
found $MPX in "Burnt Bean" section of @wallstreetbean . Phenomenal fundies guys, if you aren't following them u shd b.
about 832 days ago by derekbobbe
found $MPX in "Burnt Bean" section of @wallstreetbean . Phenomenal fundies guy, if you aren't following him u shd b.
about 832 days ago by derekbobbe
just shorted $MPX in one of my L/T accounts, 6.6 -- multi-month hold expected. Awful fundies, apparently no one is buying powerboats.
about 832 days ago by derekbobbe
March's recovery likely to get serious in summer. Three stocks that will sizzle: $CAB $MPX $ZQK http://bit.ly/CFVb0
about 1101 days ago by topstocksmsn

Recent Quotes

Symbol Price Chg Chg % Market Cap
MPX 5.38 -0.02 -0.37% 204.28M
MPW 8.86 -0.24 -2.64% 1.231B
MPG 1.84 -0.07 -3.66% 96.93M
MPET 1.14 +0.03 +2.70% 59.76M
MPEL 12.12 -0.46 -3.66% 6.932B
MPC 36.58 -0.65 -1.75% 12.95B
MPB 10.75 -0.05 -0.46% 37.58M
MPAC 5.450 +0.14 +2.64% 13.97M
MPAA 4.47 -0.12 -2.61% 57.51M
MPA 15.73 +0.01 +0.06%
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