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NOC - Sypris Solutions Recovering Slower Than Expected
Northrop Grumman Corporation
Source: simpsons.fandom.com
Sypris Solutions Inc (SYPR) is a company that I discovered mid-2016 when it was trading around $0.80. The company started to diversify away from the truck business into energy and electronics which showed good initial results and led me to initiate coverage. By 2018, while the energy and electronics industries were recovering, SYPR stayed flat and I expected a recovery as I explained here. Since then the stock has returned to the same levels as when I first discovered the company. So, at this price, is SYPR a buy?