Mesabi Trust (NYSE:MSB) filed Quarterly Report for the period ended 2008-10-31.
MESABI TRUST Trustee holds for benefit of holders of units of beneficial interest all royalties from certain interests in taconite ore properties in Mesabi range in Minnesota which have been leased to Reserve Mining Co. free of Federal income tax. Mesabi Trust distributes royalties to holders who pay income tax after credit for depletion allowance. Principal Functionary: Trust has no officers. Certain administrative functions are performed by Bankers Trust Co. the Corporate Trustee. Mesabi Trust has a market cap of $102.34 million; its shares were traded at around $9.7 with a P/E ratio of 5.06 and P/S ratio of 5.42. The dividend yield of Mesabi Trust stocks is 64.1%. Mesabi Trust had an annual average earning growth of 15.8% over the past 5 years.
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