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home / news releases / FRD - Friedman Industries Trades Above Fair Value But The Situation May Change

FRD - Friedman Industries Trades Above Fair Value But The Situation May Change

Friedman Industries Inc.
  • FRD is a downstream steel producer, meaning a company that buys steel coil from big mills and processes it according to final customer requirements.
  • The company has three plants strategically positioned near important suppliers and is building a new one.
  • FRD has seen its price soar and bust in tandem with steel prices in commodity markets.
  • The company has proven capacity to generate near $3 million in net income in a bad context. Under those conditions the company is overpriced today.
  • However, if steel prices remain high and with new capacity added, the company could justify its current market cap.

For further details see:

Friedman Industries Trades Above Fair Value But The Situation May Change
Stock Information
Company Name: Friedman Industries Inc.
Stock Symbol: FRD
Market: NYSE
Website: friedmanindustries.com
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