MSB Mesabi Trust

Mesabi Trust engages in the collection and distribution of royalties and payment of expenses and liabilities. It holds interest in Peter Mitchell iron mine located near Babbitt and in Silver Bay, Minnesota. The company was founded on July 18, 1961 and is headquartered in New York, NY.

Company profile

Ticker

MSB

Exchange

Website

Incorporated in

Location

Fiscal year end

Sector

Non-Energy Minerals > Steel

Industry (SEC)

Mineral Royalty Traders

Royal Gold • Kiewit Royalty Trust • SSR Mining ...

SEC CIK

0000065172

Corporate docs

Articles of Incorporation & Bylaws

IRS number

136022277

MSB stock data

S&P 500

1M 1Y 2Y 5Y

Calendar

8 Jun 20

15 Jul 20

31 Jan 21

News

Company financial data Financial data

Chart MSB financial data

Quarter (USD)	Apr 20	Jan 20	Oct 19	Jul 19
Revenue	2.17M	5.62M	6.56M	14.34M
Net income	1.61M	5.08M	6.15M	13.91M
Net profit margin	74.31%	90.47%	93.74%	96.98%
Net change in cash	4.11M	9.8M	-77.58K	2.21K
Cash on hand	14.28M	10.18M	375.05K	452.63K
Cost of revenue	557.14K	535.36K	410.65K	432.54K

Annual (USD)	Jan 20	Jan 19	Jan 18	Jan 17
Revenue	31.99M	47.29M	34.5M	10.89M
Net income	30.06M	45.56M	33.42M	9.76M
Net profit margin	93.95%	96.33%	96.89%	89.68%
Net change in cash	9.3M	566.98K	-13.38M	11.11M
Cash on hand	10.18M	881.81K	314.84K	13.7M
Cost of revenue	1.94M	1.73M	1.07M	1.12M

Financial data from company earnings reports

Recent insider trades

MSB insider ownership history Insider history

Date	Owner	Security	Transaction	Code	10b5-1	$Price	#Shares	$Value	#Remaining
11 Jun 19	Robin M. Radke	Units of beneficial interest	Buy	Aquire P	No	29.5	498	14.69K	595.14
20 May 19	Robin M. Radke	Units of beneficial interest		Aquire L	No	29.89	2.81	83.99	97.14
20 Feb 19	Robin M. Radke	Units of beneficial interest		Aquire L	No	28.87	4.33	125.01	94.33

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2020

MSB institutional ownership history Ownership history

13.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	36	46	-21.7%
Opened positions	5	12	-58.3%
Closed positions	15	15	–
Increased positions	7	10	-30.0%
Reduced positions	11	11	–

13F shares	Current	Prev Q	Change
Total value	24.7M	47.64M	-48.2%
Total shares	1.73M	1.91M	-9.2%
Total puts	32.2K	47.11K	-31.6%
Total calls	17.1K	45.51K	-62.4%
Total put/call ratio	1.9	1.0	+81.9%

Largest owners	Shares	Value	Change
Beddow Capital Management	445.78K	$6.38M	-1.0%
Horizon Kinetics Asset Management	311.43K	$4.45M	+1.7%
SFE Investment Counsel	282.12K	$4.04M	+33.3%
Valueworks	203.23K	$2.91M	+175.5%
MS^L Morgan Stanley	108.67K	$1.55M	-37.0%
MAI Capital Management	70.6K	$1.01M	-20.3%
BAC Bank of America	50.16K	$718K	-12.5%
Advisor	42.95K	$583K	NEW
California Public Employees Retirement System	32.32K	$462K	-28.2%
WFC^Z Wells Fargo & Company	30.7K	$439K	-4.7%

Largest transactions	Shares	Bought/sold	Change
Arrowstreet Capital, Limited Partnership	0	-134.68K	EXIT
Valueworks	203.23K	+129.45K	+175.5%
SFE Investment Counsel	282.12K	+70.54K	+33.3%
MS^L Morgan Stanley	108.67K	-63.7K	-37.0%
CS Credit Suisse	0	-60K	EXIT
Advisor	42.95K	+42.95K	NEW
Bramshill Investments	0	-31.49K	EXIT
Freestone Capital	23.42K	-31.13K	-57.1%
Susquehanna International	28.69K	+28.69K	NEW
Citadel Advisors	0	-26.62K	EXIT

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Risks

Our royalties have been and may continue to be adversely affected by the coronavirus (COVID-19) outbreak.
Royalties received by the Trust, and distributions paid to Unitholders, in any particular quarter or year are not necessarily indicative of royalties or distributions that will be paid in any subsequent quarter or in any full year.
Cliffs has disclosed that its hot-briquetted (“HBI”) project will require the commitment of substantial resources. Any unanticipated costs or delays associated with Cliffs’ HBI project could negatively impact production and shipments of iron ore products by Northshore, which in turn could have a material adverse effect on future royalties payable to the Trust.

Content analysis ?

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. senior Avg

New words: acquisition, added, automotive, Chief, consumption, cost, damaged, Dearborn, degree, delay, disrupted, disruption, duration, embedded, environment, equipment, expire, foregoing, Governor, host, inadequately, inventory, led, local, longer, Michigan, ongoing, outbreak, pandemic, personnel, Precision, recent, restart, resume, separately, shut, shutdown, shutting, significantly, site, spread, startup, stockpiled, successful, successfully, temporarily, temporary, Tilden, treat, trend, Tube, unanticipated, uncertain, work

Removed: accounted, call, consulting, increased, legal, Natural

From filing 10-Q 2021 Q1