Investment Thesis
Olympic Steel Inc. (ZEUS) is a solid company to own at current prices. The firm has a number of attractive catalysts moving forward. This is in the form of acquisitions and focus on areas of the business with higher returns and margins. This will lead to better EPS and share price moving forward.
Catalysts
Acquisitions
ZEUS has grown as a company through smart strategic acquisitions. This included the acquisition of McCullough Industries in January 2019. The takeover has contributed to earnings already, with the business off to a strong start. This is