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.

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Mesabi Trust engages in the business of collecting income, paying expenses and liabilities, distributing net income to the holders of Trust certificates after the payment of, or provision for, such expenses and liabilities, and protecting and conserving the assets held. The firm is also involved in iron ore mining activities. The company was founded on July 18, 1961 and is headquartered in New York, NY.

NEW YORK--(BUSINESS WIRE)--Announcement of Mesabi Trust Distribution The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of thirty-nine cents ($0.39) per Unit of Beneficial Interest payable on November 20, 2024 to Mesabi Trust Unitholders of record at the close of business on October 30, 2024. This compares to a thirty-five cents ($0.35) per Unit distribution declared for the same period last year. The Trustees' announcement today of a thirty-nine cents ($0.39) per Unit distribution.

Mesabi Trust Press Release

NEW YORK--(BUSINESS WIRE)--AAA Arbitration Final Award As previously reported, on October 14, 2022, Mesabi Trust initiated arbitration against Northshore Mining Company (“Northshore”), the lessee/operator of the leased lands, and its parent, Cleveland-Cliffs Inc. (“Cliffs”), with the American Arbitration Association (“AAA”). The Trust sought an award of damages relating to Cliffs' and Northshore's underpayment of royalties in 2020, 2021, and the first four months of 2022 by virtue of Cliffs' an.

MESABI TRUST Announces Arbitration Final Award

Recent developments, such as the mid-2023 resumption of mining operations by Cleveland-Cliffs on trust leases and the Federal Reserve's reluctance to raise interest rates, suggest potential upside for Mesabi. Increasing odds for a turnaround in China's economy, alongside an approaching arbitration judgment over underpaid royalties, are additional reasons to consider investing in MSB stock. A low-volatility basing pattern over the last 12 months could support a price breakout and material gains for investors buying around $17.

If Fed Doesn't Get Serious About Inflation, Buy Mesabi Trust (Rating Upgrade)

Mesabi Trust announces $0.37 quarterly dividend and Cleveland-Cliffs Inc. holds Q4 earnings call. Cleveland-Cliffs CEO threatens to use more scrap metal, but Mesabi Trust's production looks to be back to full capacity. Mesabi Trust offers a 7.2% forward yield with potential for higher dividends if iron ore prices increase.

Mesabi Trust: Full Production Is Back Despite Cleveland-Cliffs' Ambitions

Mesabi Trust's near-term value depends on the actions of Cleveland-Cliffs Inc., which operates the Northshore iron ore mine. Cleveland-Cliffs idled the Northshore mine in 2022 and restarted it in Q2 2023, but CEO Goncalves has threatened to use it as a swing operation. Northshore is not likely to be shut down soon, as Cleveland-Cliffs is faced with robust demand and may want to safeguard its reputation while pursuing acquisitions in steel making.

Mesabi Trust: Unlikely Cleveland-Cliffs Shuts Northshore Down In The Near Term

Mesabi Trust distributions were scrapped because Cleveland-Cliffs temporarily idled its mine. Iron ore demand could benefit from China's construction sector stimulus. Normalized annualized distributions per unit from Mesabi Trust could be as high as $2.8.

Mesabi Trust Looks Attractive With Estimated Forward Yield Of 8.2% To 11.4%

Mesabi Trust: Patient Investor's Opportunity Amid Cleveland-Cliffs' Uncertainty.

Mesabi Trust: Patient Investor's Opportunity Amid Cleveland-Cliffs' Uncertainty

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In this market, it's understandable if you're a little jumpy. Inflation is up, returns are down, and retirement accounts are taking it on the chin.

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Mesabi Trust is a yield vehicle that has recently paused its yield. The operator of the Northshore facility has shut it down temporarily.

Mesabi Trust: Short-Term This Doesn't Look Great, Long-Term I Like

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They earn royalties on iron ore mined from one of Cleveland-Cliffs' main mines. Cleveland-Cliffs is trying to put a strain on Mesabi by idling mining as much as possible at the main Minnesota mine where Mesabi has the royalty agreement.

Mesabi Trust Is Not So Easily Ousted

Mesabi Trust is benefiting from increases in revenue as iron ore prices rise and the volume of products mined from its property climbs. But those gains may be short-lived as the company that provides nearly all the trust's royalty income is threatening to stop mining on the property.

Mesabi Trust And Its Real Value

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Murray Stahl (Trades, Portfolio), co-founder of Horizon Kinetics, disclosed this week that his firm's top five buys during the first quarter were in West Fraser Timber Co. Ltd. ( WFG , Financial), Brigham Minerals Inc. ( MNRL , Financial), Archer-Daniels Midland Co. ( ADM , Financial), Mesabi Trust ( MSB , Financial) and Intercontinental Exchange Inc. ( ICE , Financial).

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The stock of Mesabi Trust (NYSE:MSB, 30-year Financials) is believed to be significantly overvalued, according to GuruFocus Value calculation. GuruFocus Value is GuruFocus' estimate of the fair value at which the stock should be traded.

Mesabi Trust Stock Gives Every Indication Of Being Significantly Overvalued

Mesabi Trust is likely to enjoy a strong 2021 on iron ore pricing offering a favorable setup for yield centric-investors. On a macro view, should investors look beyond fixed income for yield, MSB is a likely beneficiary.

Mesabi Trust Remains Attractive To Yield-Centric Investors

Horizon Kinetics leader Murray Stahl (Trades, Portfolio) disclosed earlier this week he expanded the firm's stake in Mesabi Trust (NYSE:MSB) by 18.04%.

Murray Stahl Digs Deeper Into Mesabi Trust

Stay Away From Mesabi Trust Due To Poor Short-Term Dividend Outlook

Mesabi Trust: It Will Come Back

Mesabi Trust: A 12% Dividend With A Positive Outlook On Iron Ore

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