Added to YB: 2025-09-12
Pitch date: 2025-09-10
FRD [neutral]
Friedman Industries, Incorporated
-5.06%
current return
Author Info
Buggy Whip Bargains has their heads stuck in 10Ks and 10Qs of 'old world' businesses trading below tangible book value. Opinions expressed here are not recommendations or advice. Do your own research. Sign up for the newsletter.
Company Info
Friedman Industries, Incorporated engages in the manufacture and processing of steel products in the United States.
Market Cap
$160.9M
Pitch Price
$21.50
Price Target
N/A
Dividend
0.71%
EV/EBITDA
14.66
P/E
13.88
EV/Sales
0.49
Sector
Metals and Mining
Category
growth
The Deep Value Week – 2025/36 - Friedman Industries, Incorporated
FRD (update): Acquired Century Metals ($111M annual revenue) for all-cash, immediately accretive deal. Expands into Southeast US/Latin America, adds cold-rolled/stainless/non-ferrous products (aluminum, copper, brass), coil slitting capabilities. Diversifies beyond hot-rolled steel into residential & corrosion-resistant markets. Management sees synergies & growth. Trades 1.12x P/TB.
Read full article (1 min)