Replies to post #88396 on Savvy Trades and Investments

[maxluke1]

FRD - Valid point. I'm not bothered by it. They are spending $21 million on the new facility, so I'd rather they keep the money. Additionally, during the last cycle (summer/fall 2018), the primary increase in the dividend was announced at the end of August.

[2morrowsGains]

FRD...Looking back, the dividend has been skimpy for a while. But those pre-announced earnings looked strong and they are expanding. I think at today's prices it's a decent crap shoot, but we'll see.
Heck, cut the pre-announced earnings in half and it still seems like decent reward vs risk. And they already pre-announced a good Q1. Time will tell.

[RNsidersbuying]

FRD 13.72 - LONGVIEW, Texas, May 25, 2021...Friedman Industries announced guidance for its fourth quarter ending March 31, 2021, and expects to issue audited results in late June.

https://finance.yahoo.com/news/friedman-industries-provides-fourth-quarter-130000003.html

The blockbuster estimate was made almost two months after the fact. I'm sticking with trusting FRD management not to be outright liars. Blunderers yes, with that insulting .02 dividend announcement immediately prior to a blockbuster report...