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.

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ADF Group Inc > Recent Decline

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Comment by retiredcfon Jul 21, 2024 11:59am

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Post# 36141729

RE:Recent Decline

And this. GLTA

Growth Model Portfolio

Increase ADF Group (DRX) to a 2.5% Weighting

Trade Rationale - DRX is a major fabricator with expertise in complex structural steel with high-tech requirements. DRX is involved in the design, engineering, and installation services for steel structures. It recently saw a pullback in price, and we feel it remains attractive at 9X forward earnings and a healthy sales pipeline.

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