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Insteel Industries Inc IIIN

Industrials
Insteel Industries, Inc. is a manufacturer of steel wire reinforcing products for concrete construction applications. The Company's operations are focused on the manufacture and marketing of steel wire reinforcing products for concrete construction applications. The Company's concrete reinforcing products consist of two product lines: prestressed concrete strand (PC strand) and welded wire reinforcement (WWR). Its PC strand is a seven-wire strand that is used to impart compression forces into precast concrete elements and structures, providing reinforcement for bridges, parking decks, buildings, and other concrete structures. Its WWR is produced as either a standard or a specially engineered reinforcing product for use in nonresidential and residential construction. Its products are sold to manufacturers of concrete products that are used in nonresidential construction. The Company sells its products nationwide across the United States, Canada, Mexico, and Central and South America.


NYSE:IIIN - Post by User

Insteel Industries Inc
Bullboard Posts
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(1)
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Post by Bobwinson Jul 18, 2004 1:01pm
324 Views
Post# 7720151

Great earnings

Great earningsIIIN.ob earned 1.98eps for q2! But price didn't go up that much. Closed at 10.30. Stock has been steadily climbing since q1 eps of .73. Fwd p/e is very low at just over 1. Company says looks good thru 2004.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities