Ferro Corp (NYSE:FOE)
CAPS Rating:
The Company produces performance materials for a range of manufacturers in diversified industries throughout the world.
The Company produces performance materials for a range of manufacturers in diversified industries throughout the world.
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Ferro has had an amazing turnaround since their 'near death' experience in 2009. The company is clearly refocused on what they do very, very well - provide high value specialty products to growing markets. Balance sheet is not pristine, but is vastly improved over that of 2 years ago, and debt is being whittled down. In any event, D/E is not out of line at 56% and is well covered. Assuming no major macroeconomic setbacks, the company should thrive.