Ray Merola
Value, dividend investing, growth at reasonable price, contrarian

Friedman Industries: Patience Is A Virtue For This Micro-Cap

Micro-cap ($55 million) steelmaker Friedman Industries (NYSEMKT:FRD) is struggling under the burden of weak end markets, falling prices, and import steel dumping. Nonetheless, the shares are remarkably cheap. After an engaging interview with management, I submit the current woes are a function of the cyclical natur...

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