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FRD / Friedman Industries Looks Cheap Based On Fundamentals

Friedman Industries Looks Cheap Based On Fundamentals
The company closed H1 FY22 with a net profit of $24.5 million thanks to high steel prices. The last time the company had unusually high earnings, it distributed a special dividend. I expect the same to happen in the near future. Read More
Posted: Jan 4 2022, 22:29
Author Name: Seeking Alpha
Views: 102194

FRD News  

Friedman Industries: Strong Financials Despite Low HRC Steel Prices

By Seeking Alpha
December 6, 2022

Friedman Industries: Strong Financials Despite Low HRC Steel Prices

The company booked a $4 million comprehensive income in Q2 FY23 thanks to a prudent hedging strategy and the strong performance of its tubular divisio more_horizontal

Friedman Industries: Plateplus Deal Is Transformational And I'm Going Long

By Seeking Alpha
July 5, 2022

Friedman Industries: Plateplus Deal Is Transformational And I'm Going Long

The company recently bought two coil processing facilities from Plateplus for $63.8 million in cash and 516,041 shares, and this should more than doub more_horizontal

Friedman Industries Trades Above Fair Value But The Situation May Change

By Seeking Alpha
March 16, 2022

Friedman Industries Trades Above Fair Value But The Situation May Change

FRD is a downstream steel producer, meaning a company that buys steel coil from big mills and processes it according to final customer requirements. more_horizontal

Friedman Industries Looks Cheap Based On Fundamentals

By Seeking Alpha
January 4, 2022

Friedman Industries Looks Cheap Based On Fundamentals

The company closed H1 FY22 with a net profit of $24.5 million thanks to high steel prices. The last time the company had unusually high earnings, it d more_horizontal

Friedman Industries Looks Cheap Based On Fundamentals

By Seeking Alpha
January 4, 2022

Friedman Industries Looks Cheap Based On Fundamentals

The company closed H1 FY22 with a net profit of $24.5 million thanks to high steel prices. The last time the company had unusually high earnings, it d more_horizontal

Friedman Industries Looks Cheap Based On Fundamentals

By Seeking Alpha
January 4, 2022

Friedman Industries Looks Cheap Based On Fundamentals

The company closed H1 FY22 with a net profit of $24.5 million thanks to high steel prices. The last time the company had unusually high earnings, it d more_horizontal


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