Russell VS ADF Group Russell is a great Canadian success story.I have owned it many time over the past 15 years
and have always sold it to early.This time i won't do the same mistake with DRX
For steel investors out there,you may want to have a look at DRX.
DRX is a steel fabricator with two plants.One in Terrebonne QC and another in Montana.
Here is their web site.You will see a shorth video of their new automated line.
Over the past 2 years, it as automated it's Terrebonne plant with a one of a kind welding
line in North America.
DRX as recently won big contracts and is now a highly profitable company.
It's a small cap and thinly traded.It earned 16 cents/ shares in Q1 and will make more than
20 cents this coming quarter.
With the new automated line,it only take 1/6(one six) of the man hours it use to take.
This as caused a big margin improvement.
DRX is on track to make more than 80 cents this year and with all of the new contract announcement, they will probably make more than $1 / share.
It as a pristine balance sheet and book value is $4.01 after Q1.
they received interest free loan from the QC goverment to buy the new line
DRX is one of the best performing stock on the TSX this year and is just starting it revaluation.
Take a few minutes and do your own DD, it will be well worth it
Yesterday's volume was good for a stock like DRX.I can only assum that some investors are starting to notice how cheap this company is. Yesterday, i had a question for JF Boursier(The CFO).He is on vacation until August 8th. and he responded to my email within 10 minutes. DRX will have another big move either when they announce another big win or whenthey announce their Q2 results. I have a good position in DRX(Over 50,000 shares) and i am sitting on a huge profits(more than 100%) but why should i sell if i believe that within 3 to 9 months DRX will trade north of $6 and maybe more.