Zaven Boyrazian | Wednesday, 16th December, 2020 | More on: MRO I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Enter Your Email Address Image source: Getty Images Stock market recovery: 1 FTSE 100 stock I’d buy to get rich A stock market recovery appears to have started since the announcement of multiple Covid-19 vaccines. The FTSE 100 and its constituents have begun to rise back towards pre-pandemic levels, but there are still many great companies that appear to me to be undervalued by the market — such as Melrose Industries (LSE:MRO).The firm is currently trading at a level that looks incredibly cheap to me. But is it a value trap?5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Getting rich with engineeringMelrose is a goliath within the engineering industry. Similar to a private equity firm, it identifies promising businesses within the engineering sector and acquires them.However, instead of fully integrating these businesses, it performs a full evaluation of operations. Through this process, it can quickly identify where improvements can be made, or whether any products or services need to be discontinued. Typically Melrose holds onto an acquired business for several years, making improvements throughout. Eventually, it sells it at a higher price, returning the profit to shareholders.This “Buy, Improve, Sell” strategy has been in place since the company was founded in 2003. And while acquisitions can be a risky approach to growth, the management team seem to be making smart decisions that have rewarded shareholders immensely.How this FTSE 100 stock adapted to Covid-19At the start of the pandemic, Melrose’s share price fell off a cliff, falling by almost 70% within a month. The catalyst for the decline appears to originate from fears surrounding the disruptions of the automotive and aerospace industries, both of which, Melrose is heavily invested in.However, the share price has begun a steady recovery although it remains below its pre-pandemic levels. Today the company has a market cap of £7.9bn, which is only 1.8 times its revenue for the first six months of 2020. This would indicate the stock is relatively cheap, but a closer look is needed.As expected, 2020 half-year revenues were significantly lower compared to a year ago. Melrose also made a loss of £560m over the same period. While this is concerning, it may not be a serious long-term problem.At the start of the pandemic, the management team deliberately switched tactics to focus on cash generation instead of profits. They cut dividends as part of the tactical shift. Naturally, this only further exacerbated the declining share price, but it did increase cash available to the firm.Overall, this new approach has brought the total cash balance to £1.5bn.Stock market recovery: can Melrose rise again?The pandemic continues to be a significant disruptive force within the market. But after taking a step back, I feel it’s only a short-term problem. Melrose’s decision to focus on generating cash over profits was a brilliant move in my eyes.It now has an enormous cash war chest at its disposal to see it through the final few months of the pandemic. Therefore, it can easily pay its obligations on leases and debt without needing to raise additional capital.The business is certainly not out of the woods, and there are many more challenges left to face. As a shareholder, I believe Melrose is fully equipped to deal with whatever comes its way, and expect the share price to recover and potentially reach new highs by the end of 2021. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Our 6 ‘Best Buys Now’ Shares See all posts by Zaven Boyrazian Zaven Boyrazian owns shares in Melrose. The Motley Fool UK has recommended Melrose. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. 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A man who burgled multiple Northampton homes has today had his sentence increased after it was referred to the Court of Appeal by the Attorney General’s Office for being too low.Darren Barry Williams, 39, was caught after he broke into a house on Prescott Close in Northampton in April. He damaged a window and door, as well as attempting to steal jewellery. Before he could make his escape, two neighbours apprehended him, having been alerted to his crime by an alarm. Once in police custody, Williams pleaded guilty to this burglary, as well as five other home burglaries.Williams was originally sentenced at Northampton Crown Court in May, where he was given 2 years 6 months’ imprisonment and ordered to pay a £170 victim surcharge. Today, after the Attorney General’s referral, the Court of Appeal increased his sentence to 3 years 8 months’ imprisonment.Commenting on the sentence increase, Attorney General Geoffrey Cox QC MP said:“Burglaries leave owners feeling unsafe within their own homes, and can cause a wider sense of disquiet in the community. Williams had an extensive criminal history, including multiple burglaries. I therefore welcome the Court of Appeal’s decision today to agree to increase his sentence.”