USAP - Universal Stainless Is Not Attractive On A Cycle-Average Basis
2024-01-26 14:55:56 ET
Summary
- Universal Stainless has seen its stock price more than double due to increased output, utilization, and profitability.
- The company's recent results show record revenues, improved gross margins, and a reduction in working capital debt.
- USAP's management is optimistic about the aerospace industry cycle and has invested in new melting furnaces to increase production. However, the company's competitors have a history of experiencing crashes in revenues, profitability, and stock prices after periods of rapid growth.
Universal Stainless ( USAP ) is a US Northeast manufacturer of steel alloys and derived products (ingots, bars, wires, plates)....
Universal Stainless Is Not Attractive On A Cycle-Average Basis