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ADF Group Inc T.DRX

Alternate Symbol(s):  ADFJF

Steel Steel
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

ADF Group Inc
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Post by microcaphobbyon May 27, 2024 8:03am
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Post# 36058521

ADF a pick and shovel stock

ADF a pick and shovel stockToday's Wall street Journal:
Demand for artificial intelligence is still booming, a year after the phenomenon first took Wall Street by storm. Far beyond the tech sector, investors are finding winners in old-school pick-and-shovel stocks.

Shares of Vertiv Holdings, which makes equipment that powers and cools data centers, have more than doubled this year. The company said new orders grew 60% from a year earlier in the first quarter. Wall Street analysts had expected about 15% growth and have revised their profit forecasts sharply higher for the years to come.

The rally has left shares trading well above their long-term averages. Eaton trades at 31 times its expected earnings over the next 12 months, while Vertiv trades at 40 times.
Even at 20X earnings drx should be tradng at $32 a share now.
Look at Hammond, trading at 23 times this year's earnings. Put that multiple on $1.40 a share for  drx and yet get  $32.00 a share 


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