Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Has Universal Stainless & Alloy Products Bottomed?

When last I wrote about Universal Stainless & Alloy Products (NASDAQ:USAP), I was bullish on the long-term potential of the company's efforts to upgrade its product mix, but skeptical about the valuation of the stock. Since then, the shares are down about 7%, having spent the last six months chopping between $32 and $38. In that time, that company's progress on volume growth and mix has been frustratingly inconsistent.

I have a nerdish interest in metallurgy and companies like Allegheny Technologies (NYSE:ATI), Carpenter Technology (NYSE:CRS), A.M. Castle (NYSE:CAS), and Haynes International (NASDAQ:HAYN), but following companies and science is a completely separate issue from the stocks. I do generally like the...

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