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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (43984)	8/17/2011 12:50:38 PM
From: Difco	Read Replies (2) \| Respond to of 79045

E_K_S, Thanks for sharing this one - looks like a good investment based on FCF basis. Most recent quarter FCF I've calculated approx. $10.5 million (that includes decrease in inventories of $5 million, which fluctuates often in either direction - i.e. in last year's 10-K the effect of increased inventories decreased cash flow from operating activities by $14.5 million). Do you know why they paid the special dividend last year? Quick ratio and current ratio are both almost double their closest competitor - ZEUS. Revenue doubled last year, hence the higher NI and it seems that the trend continues in this quarter. Do you know if this is due to expansion or cyclical? Sorry, I probably asked more questions than provided feedback. I'm curious to read others' thoughts on this one. Thanks again.

To: E_K_S who wrote (43984)	8/17/2011 1:38:00 PM
From: geoffrey Wren	Read Replies (2) \| Respond to of 79045

FRD looks good to me on first glance. A small cap value stock paying a good dividend. They are in Texas which is one of the areas of better long-term construction prospects than the rest of the country. Per the Ford Equity summary their last five years (the last being 2011), their cash flow per share is: $1.20 $0.82 $2.27 $0.37 $1.48 For a cyclical business they have managed to stay profitable in some difficult times. They did lose $.02/share for the three months ending June 30, 2009. That might be their worst quarter. I shall have to look more closely. Also their share count stays the same, which is good. Definitely one worth considering.