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AE - Adams Resources: Recent Results Suggest Some Caution
Adams Resources & Energy Inc.
Starting in late 2017, Adams Resources took a more aggressive tack toward driving shareholder value. So far, the new strategy hasn't panned out.
Obviously, external factors have provided pressure, but recent results in the key Marketing segment signal what could be long-term weakness.
AE stock probably is cheap enough to have some patience, and management deserves time to let the strategy play out. But neither patience nor time is unlimited.