Savvy Trades and Investments

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FRD looking attractive to anyone else? Dipping below $10 today. Steel prices are holding firm, but steel stocks have been weak lately. Like a lot of other stuff besides AI & megacap tech.

I picked up some FRD shares and will be accumulating. They should have a great looking Q4 report in about a month. Q3 was ok, but they were pretty bullish on Q4. Looking for higher revenues AND margins in Q4...which could translate into big EPS. Plus it'll be a terrific looking Q4 comp vs the year ago loss. Q4 earnings of .50+/share should be good for some kid of pop. Q4 earnings over $1/share and we could see a low float spike higher.

As an added kicker, I still think FRD will eventually be acquired by partner STLD or another large steel company.