(Editors' Note: This article covers a stock trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.)
- Friedman Industries' shares trade at less than book value, and barely above current assets less all liabilities.
- This micro-cap steel company generates positive cash / earnings, and pays a dividend.
- In 2014, non-residential construction is expected to show improvement, paving the way to better days ahead for the steel industry.
- The stock is woefully undervalued, proving an asymmetric investment opportunity.
Amidst little fanfare, Friedman Industries (NYSEMKT:FRD) reported earnings after the bell on Thursday. Friedman is a niche player in the steel industry;...