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The Company is engaged in steel processing, pipe manufacturing and processing and steel and pipe distribution.
This company is a cyclical with an extremely robust balance sheet. After the general market is high it is a good time to move to cyclicals that don't enjoy high profit margins just yet.
steel price increase
Undervalued, undervalued, undervalued, and no debt!
Jae Jun analysis:http://seekingalpha.com/article/1567112-why-friedman-industries-is-my-new-pick-to-click
If we can't make steel in Texas, we can't make steel.
strong Iron company
Highly cyclical, but excellent management and ridiculously under-priced
One day the steel products they make and supply throughout the US Gulf Coast states will be back in demand. In the meantime FRDs balance sheet is pristine.
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