Topic: How To Invest

Hi Pat. I’d like to know your thoughts on a dividend-paying stock: McCoy Corp. Thanks.

Article Excerpt

McCoy Corp., $3.92, symbol MCB on Toronto (Shares outstanding: 26.5 million; Market cap: $103.9 million; www.mccoyglobal.com), operates through two main divisions: Energy Products and Services and Mobile Solutions. The company dates back to 1914, when Henry McCoy opened a blacksmith shop in Edmonton. Energy Products and Services includes four subsidiaries: Farr Canada, Inotec Coatings and Hydraulics (both based in Edmonton), Superior Manufacturing and Hydraulics, and Precision Die Technologies (both based in Lafayette, Louisiana). This division supplies hydraulic equipment, including power tongs, for offshore and land-based drilling rigs. Power tongs are large hydraulic wrench-like tools that tighten and loosen the pipe in the drill hole. Mobile Solutions includes Peerless Ltd. in B.C., Rebel Metal Fabricators in Alberta and 50% of Prairie Truck Ltd., also in Alberta. Peerless builds heavy-duty trailers for customers in the oil and gas, wind energy, infrastructure and construction industries. Rebel makes trailer-mounted vacuum tanks. Prairie Truck Ltd. operates a truck dealership. In the three months ended September 30, 2011, McCoy’s revenue rose…