|
Steel Dynamics went from a 2Q loss to a 3Q profit, as well as much higher sequential revenue growth.
I'm hoping this turn around in the steel market is also reflected in FRD's 3Q earnings. As you might know, FRD never went into the red, but if their profit jumps this quarter (which seems likely given Steel Dynamics report) - the stock should also POP from these depressed levels. Remember, we are trading at LESS THAN BOOK VALUE here....and just 2X cash per share! Sentiment : Strong Buy Rating :
 (No ratings) |
32/Male |
|
Page
1
of about
1
First
| < Prev
| Next >
| Last
|
Messages in Topic
| Subject | Author | Rating | Time of Post (ET) | ||
|---|---|---|---|---|---|
|
Steel Dynamics Earnings - relates to FRD
|
finer9
Online Now
|
Not rated | 21-Oct-09 10:10 am | ||
|
Not sure there is a direct correlation between STL...
|
rtsliker | Rate it | 21-Oct-09 11:17 am | ||
|
I understand your point, but I'm really talki...
|
finer9
Online Now
|
Rate it | 21-Oct-09 12:44 pm | ||
|
There is certainly that possibility eith...
|
rtsliker | Rate it | 21-Oct-09 07:42 pm | ||
|
If there is a correlation with FRD and STLD it wou...
|
goecst | Rate it | 21-Oct-09 03:04 pm | ||
|
Then why did STLD revenues increase substanti...
|
finer9
Online Now
|
Rate it | 21-Oct-09 04:08 pm |
|
Page
1
of about
1
First
| < Prev
| Next >
| Last
|
0.0793