FRD...Can't say I understand the derivative hedging, but are they reporting any different than other steel companies? I'm guessing hedging plays a part in most commodity companies like steel, oil, gas, ect.
After FRD reported last quarter's earning I said steel stocks were not my thing and some of this is confusing to me. However, when KiK posted the pre-announced earnings, I couldn't help but see a good opportunity. And now next quarter's outlook will make it 3 huge Q's in a row!!!?!!?!
Anyway, we'll see what happens tomorrow. Been a good trade so far and based on tomorrow's action, I'll decide if I hold any or sell the rest of my shares.
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