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$11.27 0.54 (5.07%)
10/7/2008 11:53 AM

Synalloy Corp (SYNL)

CAPS Rating:
*****

Company is engaged in two segments: Metals Segment, comprised of a subsidiary, Synalloy Metals, Inc. and Specialty Chemicals Segment, includes three operating companies, Blackman Uhler Chemical, Manufacturers Soap and Chemical and Organic-Pigments Corp.

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Avatar TheHarm (< 20) Submitted: 1/15/08 12:14 PM : Outperform Start Price: $15.42 SYNL Score: -2.71

ROE: 23.7%
Qtrly Revenue Growth (yoy): 31.80%
Price/Sales (ttm): 0.59
8.3x P/E
0.95% dividend yield
66.8 million dollar backlog

...along with recent heavy insider purchasing

Only worries, steel costs-demand and low cash per share, some loss of growth momentum. Though I do believe its other segment (chemicals) helps to balance the steel worry. (Sales up 18% in its chemical segment 3rd qrtr 2007).

I believe the pros vastly outweigh the cons at this price and though growth is slow now this company is too small and in too great of a market not to grow in the future. Also, the slow growth should increase profit margins in 2008.

If anyone buys this stock plan on holding it for the long haul (5yrs+).





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Avatar TheHarm (< 20) Submitted: 6/15/08 7:55 AM

Recs: 0 | Rec This

http://www.tricities.com/tri/news/local/article/alternative_fuels_a_boon_for_bristol_metals/10530/

reiteration of a great buy

I picked this stock up in my real account.

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