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Bullboard - Stock Discussion Forum 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... see more

TSX:DRX - Post Discussion

ADF Group Inc > every public company in this space is doing well
View:
Post by microcaphobby on Nov 15, 2024 9:55am

every public company in this space is doing well

except  DRX. I think the fundamentals are fine and the 3rd q will confirm that. We wil know in a few weeks. low 9's is the floor. We will find out soon enough if this is the bottom.
Comment by WizardFuture on Nov 15, 2024 11:58am
Not the bottom. DRX did really poorly during the last Trump presidency. I don't say it's justified because I have really a lot of of shares, but the selling pressure is not done yet. It is going to 8s, don't fight the chart.
Comment by matt2018 on Nov 15, 2024 3:49pm
micro..... have those other companies in the space you are refferencing announced new contract wins in the last few Qtr's? This is main reason the prersent cash balance needs to stay where it is. You still have a business to run while you await any new contract wins no matter how good you think the numbers are next Qtr. If you go back and look when the stock took off, it was mostly due to new ...more  
Comment by ykzsh8 on Nov 15, 2024 5:29pm
Very good point here, makes a lot of sense why they have so much cash on hand. Contract win = eventual money in the bank.
Comment by matt2018 on Nov 15, 2024 8:01pm
The wins are going to come, no question. And when they get announced, stock price will go higher. How high will depend on the amounts of the contracts, more than the lengths of the work.. Till then, we may drift lower as many investors live in the moment and dont want to wait or are miscalculating threat of possible Trump tarrifs. Those that understand the company and their competitive advantages ...more  
Comment by laurencelefou on Nov 16, 2024 9:50am
Third Quarter 2024 and Recent Highlights Infrastructure   DBM Global (VATE) reported third quarter 2024 revenue of $232.8 million, a decrease of 37.0%, compared to $369.3 million in the prior year quarter. Net Income attributable to INNOVATE was $6.2 million, compared to $10.8 million for the prior year quarter. Adjusted EBITDA decreased to $20.9 million from $30.8 million in the prior year ...more  
Comment by laurencelefou on Nov 16, 2024 9:52am
Third Quarter 2024 and Recent Highlights Infrastructure   DBM Global (VATE) reported third quarter 2024 revenue of $232.8 million, a decrease of 37.0%, compared to $369.3 million in the prior year quarter. Net Income attributable to INNOVATE was $6.2 million, compared to $10.8 million for the prior year quarter. Adjusted EBITDA decreased to $20.9 million from $30.8 million in the prior ...more  
Comment by microcaphobby on Nov 16, 2024 9:26pm
a company whose shares have not traded a single share in over 3 months. the company has little to compare to drx . no technology advantage  
Comment by laurencelefou on Nov 17, 2024 9:58am
Innovate owns 91.21% of DBM share structure, it is therefore better to look at Vate daily trading volume than DBMG.   https://finance.yahoo.com/quote/VATE/history/   DBM Global is a subsidiary of Innovate and claims to be the largest steel fabrication and erection company in the US.   From the third quarter 2024 earning call: Innovate (DBM) continues to see a lot of ...more  
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