Barely covered by the Street and not widely followed by Seeking Alpha readers, Materion (MTRN) is nevertheless a company worth paying more attention to these days. Management's efforts to diversify the company beyond its historical core in beryllium-based products are already paying off, and Materion is transforming into a diversified supplier of advanced materials for critical applications in diverse (and growing) end-markets like semiconductors and advanced autos, and recovering markets like aerospace.
The shares are up close to 20% since my last update, with a big post-earnings spike generating that upside. There are risk factors to consider, including its exposures to cyclical markets and a higher debt load, but I believe mid-to-high single-digit revenue growth and improving margins still support a bullish stance on this largely unknown specialty materials producer.
Read the full article here:
Materion's Transformation To A More Diverse, Growth-Leveraged Company Continues Apace
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