"Does anyone have an idea as to what is Lionel's annual sales volume and what is that of MTH?"
No, these are privately held companies. Fifteen years ago (forever in some ways), during the lawsuit era, the estimates were something like 70-100 million a year for Lionel and about half to two-thirds that for MTH. But that was another time and place and probably not totally reliable estimates. And that may be part of the problem. Companies are often priced at twice annual sales. May be that no one wanted to spend or borrow 50-100 million to buy MTH. Just wild speculation on my part, but it's free.
