Conrad Industries (OTCPK:CNRD) is an undervalued OTC small cap made of the material that would make value investors like Warren Buffett fall in love with it. In this write-up, I will share my research that shows huge potential for value appreciation of at least 65% for patient investors. With a market cap of $230M and TTM earnings of $26.2M, Conrad trades for a PE of less than 9, so let's look into this in more detail.
Background about the company and the family
Conrad Industries is in the shipyard business; it builds, converts and repairs various types of marine vessels in its shipyards that are located near the Gulf of Mexico. John Parker Conrad founded the company in...
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