Four reasons Friedman is a good pick for value and dividend investors at $11 a share:
- The Texas-based company is ideally situated (both geographically and materially) to serve the expanding energy infrastructure demand through its Texas Tubular division.
- It is cheap at just 7.5x forward earnings and has more than 25% of its $77 million market capitalization in net cash.
- In addition to a cheap valuation, Friedman provides a 4.6% dividend yield.
- Given its small-market capitalization, niche product lines and the age of its management team, the company would be an ideal bolt-on acquisition for a larger player.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV