Tuesday, May 25, 2021

Friedman Back in Favour

A few months ago, I wrote about Friedman Industries (FRD) as a reasonably profitable (over the years) company that was currently in disfavour. It was a net-net and traded for less than half of its tangible book value. In a shocking turn of events, Friedman now trades at a double-digit premium to book value!

Monday, May 17, 2021


I recently purchased shares of media giant Viacom. They pretty much do everything from creating/licensing content to distributing it across cable and internet platforms. Rarely do I own shares in companies this large, because valuations tend to be high. But some market shenanigans have created an opportunity here, in my opinion.