Alpha Vulture
Deep value, special situations, long-term horizon, micro-cap

Schuff International: Attractively Priced Thanks To Turning Construction Cycle

Introduction

Schuff International (SHFK) is the largest structural steel fabricator and erector in the US. The company has 10 fabrication plants located throughout the country, although their largest presence is in the southwest. Because Schuff is traded on the pink sheets and the free float is limited it's presumably a company few investors know, but the buildings Schuff has helped to construct are anything but obscure. This is nicely illustrated on the company's website where they show that almost every building worth mentioning in Las Vegas has at its core steel fabricated and erected by Schuff. Other projects include well known stadiums, bridges and airports.

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Back story

Schuff caught the attention of investors a couple of years...

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