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jaybird249

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jaybird249

Re: None

Saturday, 08/23/2008 7:54:40 PM

Saturday, August 23, 2008 7:54:40 PM

Post# of 33753
FRD ($9.94) just hit a 52 week high but is going MUCH higher:

$.58 EPS last quarter
6 MM float
$5 per share working capital NO debt.
New coil plant in Alabama opening this month.
$240 MM annual sales rate: PS ratio of .25 compared to 0.9 Industry average.

I think FRD will be $20 in no time..
It is important to note that FRD has $5 PER SHARE LIQUID ASSETS AND NO DEBT.

Based on conservative earnings per share of $1.50 going forward, IMO conservative value is 12 X $1.50 + $5 = $23.
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