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ADF Group Inc T.DRX

Alternate Symbol(s):  ADFJF

ADF Group Inc. is a Canada-based company. The Company is engaged in the design and engineering of connections, fabrication, including the application of industrial coatings, and installation of complex steel structures, heavy steel-built ups, as well as in miscellaneous and architectural metals for the non-residential infrastructure sector. Its products and services are intended for the five principal segments of the non-residential construction industry: office towers and high-rises, commercial and recreational buildings, airport facilities, industrial complexes, and transport infrastructure. The Company operates two fabrication plants and two paint shops, in Canada and in the United States, and a Construction Division in the United States, which specializes in the installation of steel structures and other related products. It has the capacity to manufacture approximately 125,000 tons of structural steel annually.


TSX:DRX - Post by User

Post by retiredcfon Mar 30, 2024 1:56pm
144 Views
Post# 35961157

Hang in There

Hang in ThereMy DRX shares are down 20% in a very short time. Maybe it was just bad timing on my part but has anything changed fundamentally? Why is is dropping so much and so fast? Is there any news? What is your recommendation?

DRX had a very big run up and is now consolidating. It is up 287% in a year and 17% YTD. It has had no company news since December. We see no specific reason for a decline, though some investors no doubt may take profits at any time, and some may be concerned about the economy and its cyclicality. But we would still consider DRX to be a BUY as it trades at less than 8X earnings. (5iResearch)
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