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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 Jun 21, 2024 6:38am
319 Views
Post# 36099440

More Reassurance

More ReassuranceTerraVest Industries Inc. (TVK), Hammond Power Solutions Inc. Class A Subordinate Voting Shares (HPS.A), ADF Group Inc. Subordinate Voting Shares (DRX), Propel Holdings Inc. (PRL) 

All the above stocks have been beaten down over past few weeks, after a strong run. They are now trading at much lower valuations compared to their larger industry peers in Canada and US. Power Infrastructure, Construction, Industrial and Banking sector have been in a steady uptrend for most of this year and growth is expected to be solid in the foreseeable future.

Are they simply following the trend in US markets where small caps continue to lag the market. What are your thoughts and do you see the trend reversing anytime soon ?

On a different note, ADF Group stock is now trading below $17.31 ( price at which the owners sold some shares recently } and Terravest trading below the recent secondary at $74.25. Some investors seem to be freaking out ?

It is true that these small-cap names despite solid performance in the underlying business have once again been ignored by most investors. Investors' sentiment could change overnight, and we tend not to time whether small or large caps will do better in the near term, but pay attention to each business individually. We think the current valuations of these names have once again become attractive, and we have been a big fan of these businesses and the prospects of these companies are largely unchanged if not better. We would be okay to add to all the names at the current prices. There might be some pre-June 25 tax selling here, and generally the Canadian market continues to massively lag the US, in addition to small cap general underperformance of late. (5iResearch)

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