Savvy Trades and Investments

[maxluke1]

ZEUS/FRD/SYNL - record earnings from ZEUS bodes well for FRD and SYNL. The tube and pipe business was surprisingly strong for ZEUS.

https://finance.yahoo.com/news/olympic-steel-reports-first-quarter-103000683.html

While not nearly as good as FRD, I added more SYNL today at 9.24. It's not as pure a play on steel prices (they sell pipe and then have a chemicals business too), but they should see improving conditions. Additionally, they benefit from nickel prices going up. On last conference call, SYNL was asked about their competitor Olympic (ZEUS), so there are similarities in their business. Caution is somewhat warranted on SYNL, given the balance sheet being more of a mess and recent insider sale. All my opinion.