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worthylion

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worthylion

Re: maxluke1 post# 88637

Thursday, 07/08/2021 1:25:23 AM

Thursday, July 08, 2021 1:25:23 AM

Post# of 113910
FRD--Ex derivative gains, they earned .70 in Q4. Bump it some for their guidance and it annualizes to $3 with historically high margins, which likely will start declining quickly beginning in 2022 when supply/demand normalizes. Steel stocks trade at low PEs, so does FRD really deserve to trade much higher than $15? I own it but am questioning whether it will spike much tomorrow. It spiked then petered out in after hours (last I saw at least).
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