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Re: maxluke1 post# 86121

Wednesday, 04/07/2021 2:11:20 PM

Wednesday, April 07, 2021 2:11:20 PM

Post# of 113128
FRD one of my faves. The way I look at it...they earned .30/share for the December quarter. Or .26/share excluding the 1-time gain. And that's when steel prices were MUCH lower. Stock is already cheap based on those earnings. And the numbers are going to get a lot better. FRD going to have a series of fantastic looking comps coming up. Only negative to me is that we have to wait til late June for fiscal Q4 results.

Steel stocks have been hot lately. So maybe we won't have to wait that long. FRD could be discovered at any time...and run to double digits. No surprise that steel stocks are putting up huge numbers. Here's the SCHN report this morning-

https://finance.yahoo.com/news/schnitzer-reports-second-quarter-fiscal-120000203.html
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