Use access key #2 to skip to page content.
$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.

View All Commentary (SYNL)

Recs

2

Avatar bluedome (< 20) Submitted: 4/22/08 4:19 PM : Outperform Start Price: $16.44 SYNL Score: -5.13

I read the form 10k. It says the drastic drop in pipe sales


in 4thQ was due to Chinese imports. They have


filed a dumping complaint. If they do not get


protection they will be hurt. Most likely the protection will


be short term.





Another negative (short term) is that they paid high


prices for raw materials in 3rd and 4th quarters


and still have that inventory, but they are pricing products based on


current (lower) raw material prices. That will hurt margins.





Good company, though, at low P/E, and diversified, so


i have a hard time not liking it.


Report this Post Replies: 1 | Reply

Avatar TheHarm (< 20) Submitted: 6/06/08 7:16 AM

Recs: 0 | Rec This

One nice thing about the dumping complaint is that most dumping complaints usually go to the one complaining (it is hard to prove a negative). Expecting this company to benefit massively.

Report this Post Reply

Featured Broker Partners