Thomas Lott
Long/short equity, deep value, special situations, hedge fund manager

Conrad Industries: Significantly Undervalued Shipbuilder Trading At 3.6x Earnings

Conrad Industries (OTCPK:CNRD), a barge/ferry boat builder with 4 shipyards in Southern Louisiana and Texas, is a small cap stock that is simply ridiculously cheap. Because it is 47% owned by the Conrad family, CNRD has limited float and no sellside research coverage, but piles of cash and hard assets on the balanc...

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