Replies to post #88394 on Savvy Trades and Investments

[Knowledge is King]

I was disappointed with today's announcement that FRD was just maintaining the paltry $.02/share quarterly dividend. Thoughts?

[hweb2]

I picked up some more FRD. Seems like a determined seller into the close today and on Friday. I've traded this one poorly the last few days. Wish I'd sold more in the mid $15's Friday morning...so I could buy them all back in the $13's. Easy in hindsight.

A little weird on the dividend today. Considering the tremendous amount of cash they're going to be generating over the next several quarters...why not boost the dividend. Maybe that's not their style. Or maybe there's a special dividend coming later this year.

I think FRD is a very attractive risk/reward into earnings. Should be a blockbuster Q4 this week. And then even bigger Q1 numbers in August. Will trade at a low P/E because it's a steel stock. But if the economy remains robust, I'm guessing this one sees the $20's by yearend.