Bloomberg's “Odd Lots” podcast recently discussed with energy investor John Arnold why it's so difficult to build products in America. The discussion got me thinking about American manufacturing stocks.
Mueller Industries' margins have remained strong despite declining copper prices, indicating a fundamental change in their business model. The company has announced a significant acquisition, signaling a shift in their strategy towards horizontal acquisitions. The acquisition of Nehring Electrical Works Company could potentially boost Mueller Industries' EBITDA and EPS.