Quanex Corp (NX)
The Company produces engineered carbon and alloy steel bars, aluminum flat-rolled products, flexible insulating glass spacer systems, and precision-formed metal and wood products which primarily serve the vehicular products and building products markets.
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Decent fundamentals, but in a depressed industry and near a 52 week high.
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Building materials for current administrations ideas on rebuilding the country
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Well positioned to do very well once housing market recovers. Low cost producer already, profitable even during this economic climate. Very lean operation, excellent management.
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Might have some value long-term but there's still a lot of weakness here. Should see some short-term struggles heading into earnings reports for FY 09.
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The new CEO did a tremondous job with Schneider Electric. He has vision, buys profitable companies, and will do another tremendous job with Quanex. I am looking forward to good dividends and an increase in the stock price.
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I'm forcasting the numbers regarding America's financial situation to be terrible in the summer. Therefore, I see investors itching to short all sectors duing business in the U.S. domestic market, including Quanex. Quanex, along with most other heavily domestic dependent stocks will ride the Dow down into the 11,000's this summer. Time to jump on the bandwagon folks!
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steel and iron
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Deep discount here....a stock Buffett might like
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The earnings history for this company surely deserves some respect. The long climb to the midfifties made a lot of money for for those who went for a good portion of that ride. The correction was due, and it wasn't all that severe. I think we're looking for a climb to the low 70's this time.
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The need for light weight components in hybrid vehicles will sustain demand for Quanex's products.
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Great small cap 5 star with a dividend and a P/E under 11.
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Trading at 76% intrinsic value.
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5 Star/Small cap/Pays dividend
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Top CAPS stock and a play on the book a Random Walk down Wall Street.
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Metal sector turning around
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