Friedman Industries Inc. (NYSEMKT:FRD) is a niche steel processing company with a tiny $66.2 million market cap. I found this stock to be an interesting offering, based upon several underlying premises. These include: no debt, a current stock price roughly equivalent to book value, and the shares pay a decent yield to boot.
FRD management just released their FY 2013 earnings announcement and 10-K statement after the market close on Thursday last week.
As a current investor, corporate management provided me brief interviews to ask basic questions about recent SEC filings. It appears there are no regularly assigned Street analysts that cover the stock.
In this article, I will present an overview of the business, an investment thesis,...
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