FRD...Q1 will be good and Q2...The Company continued to see margin strength throughout its fiscal 2022 first quarter ended June 30, 2021 with hot-rolled steel prices rising approximately 30%, and expects results for the first quarter to be slightly better than its fourth quarter fiscal 2021 results. The Company expects margins to remain strong for its second quarter ending September 30, 2021 and expects further improvement in operating results.
So they have another million to pay off on the Alabama facility and $21M to pay for the Texas facility. They are moving forward. As I said, I'm reinvesting the dividend, even though it is a pittance.
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