Insteel Industries, Inc. (IIIN)

[Monksdream]

IIIN new 52 week high

[benfrankledger]

Do not disagree. Appreciate any DD.

[Tower of Hanoi]

Holding it- I like the mgt.

MY OPINION ONLY

[benfrankledger]

Hey there buddy. How are you doing with this one?

[Tower of Hanoi]

What a great call!

Tariffs killing this great company....

MY OPINION ONLY!

[Tower of Hanoi]

Hey man- if you're out there, give me a holler. I'm still holding, and will probably add after the call next month.

Over and out....

[benfrankledger]

Thanks and good to see you too friend. I’m not sure the market is giving this the value it deserves right now. Largely a long term player myself here. Will add if it dips with 2-3 year outlook.

[Tower of Hanoi]

Hey- great to see ya'. I started a position in this company recently, and I agree with what you've said. From the call I think we can expect another weak quarter- what's key is having clarity before the busy season begins. True-it may be a couple of years.....

I think the long term potential for this well run company is great. A nation-wide highway project would be a good example.

Again, good to see ya.'

[benfrankledger]

Between the variables that go into estimating end-market demand, competitive pricing actions, and the lag in price realization due to inventory, this is a challenging company to model in the best of times, and I think you have to settle for “generally right” as opposed to spot-on accuracy. As it concerns revenue, I do expect Insteel to still see some pricing tailwind benefits, but I believe pressure on volumes will emerge and push revenue growth down to the mid-single-digits. I expect pressure on both volume and pricing in 2020, and I expect revenue to contract before rebounding in 2021 and 2022.

[stocktrademan]

IIIN buy 40.01

Insteel Industries is the nation's largest manufacturer of steel wire reinforcing products for concrete construction applications. We manufacture and market prestressed concrete strand and welded wire reinforcement, including engineered structural mesh, concrete pipe reinforcement, and standard welded wire reinforcement. Our products are primarily sold to manufacturers of concrete products that are used in nonresidential construction. We estimate that approximately 85% of our sales are related to nonresidential construction and 15% are related to residential construction.

http://www.insteel.com























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