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Mesabi Trust (MSB)

Mesabi Trust is a royalty trust organized under the laws of the State of New York in 1961 to derive income from an iron mine (the Peter Mitchell Mine) located near Babbitt, Minnesota, at the eastern end of the Mesabi Iron Range. Under various agreements the mine is operated by Northshore Mining Company (“Northshore”), a subsidiary of Cleveland-Cliffs Inc. (“CCI”). Northshore mines the ore, which is in the form of taconite, a hard rock containing approximately 21% recoverable iron, crushes it, separates the iron particles from the non-metallic, and forms the resulting concentrate into pellets which are shipped for use in steel-producing blast furnaces of customers of CCI, an international mining company, the largest producer of iron ore pellets in North America.

Company profile

MSB stock data

Calendar

13 Jun 22
20 Aug 22
31 Jan 23
Quarter (USD) Apr 22 Jan 22 Oct 21 Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jan 22 Jan 21 Jan 20 Jan 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 37.87M 37.87M 37.87M 37.87M 37.87M 37.87M
Cash burn (monthly) 3.29M (no burn) (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 12.11M n/a n/a n/a n/a n/a
Cash remaining 25.76M n/a n/a n/a n/a n/a
Runway (months of cash) 7.8 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

5.7% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 54 56 -3.6%
Opened positions 6 13 -53.8%
Closed positions 8 11 -27.3%
Increased positions 20 18 +11.1%
Reduced positions 11 10 +10.0%
13F shares Current Prev Q Change
Total value 234.18M 123.03M +90.3%
Total shares 4.56M 4.53M +0.7%
Total puts 12.3K 31.4K -60.8%
Total calls 50.4K 54.3K -7.2%
Total put/call ratio 0.2 0.6 -57.8%
Largest owners Shares Value Change
Horizon Kinetics Asset Management 2.63M $64.46M +5.4%
Valueworks 724.79K $17.77M +0.8%
Beddow Capital Management 428.41K $10.51M -0.7%
Mad River Investors 195.43K $4.79M +1.7%
MS Morgan Stanley 133.95K $3.29M +29.2%
Moors & Cabot 64.19K $1.57M +3.9%
BAC Bank Of America 45.79K $1.12M -6.2%
One Charles Private Wealth Services 29.56K $784K +61.0%
Advisor 22.95K $570K +14.8%
SFE Investment Counsel 22.82K $557K -25.6%
Largest transactions Shares Bought/sold Change
Horizon Kinetics Asset Management 2.63M +134.31K +5.4%
Essex Financial Services 0 -61.63K EXIT
RY Royal Bank Of Canada 8.55K -55.45K -86.6%
MS Morgan Stanley 133.95K +30.3K +29.2%
HRT Financial 0 -20.16K EXIT
Marshall Wace 0 -18.18K EXIT
LPLA LPL Financial 17.1K +17.1K NEW
Jane Street 0 -13.92K EXIT
One Charles Private Wealth Services 29.56K +11.2K +61.0%
Citadel Advisors 0 -9.76K EXIT

Content analysis

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Legalese
Litigous
Readability
H.S. senior Avg
New words: adding, Babbitt, BOF, duration, extremely, fall, February, fewer, forward, frequency, increasingly, incurred, long, Mail, metal, national, oxygen, prolonged, run, spring, Stop, strategy, stretch, unrest, working
Removed: American, appointed, Atlantic, award, Basin, calculation, chain, construction, Dearborn, declaratory, discovery, disruption, essential, faced, freight, hearing, initiated, international, led, Mansfield, oral, panel, proceeding, rebounded, relief, restarted, spread, strongly
Registration and prospectus
No filings