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Forterra, Inc. (FRTA)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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23.59+0.03 (+0.13%)
At close: 4:00PM EDT
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  • J
    Jonathan
    Secondary stock issuance before Labor Day. Debt-ridden, money losing company. No turnaround in sight as infrastructure is post-2020 event at best. Need to de-leverage the company and the only way is selling more stock. “New” management doesn’t mean no old problems. Goldman trying to do secondary deal above $5.00 so has to pump up the price prior. Goldman’s other note today was to sell CAT, a money-making company because the “industrial economy is slowing.” How does tgat square with “oh, let’s buy FRTA.” Get out or short quickly friends. I sold today.
  • A
    Ariano
    Bradley continued, "In our Drainage segment, we delivered another quarter of margin improvement reflecting the benefit of higher selling prices and the strategic transactions completed over the last year.  In our Water segment, we are now realizing higher selling prices and lower manufacturing costs that began to impact the quarter following the significant organizational changes that we announced at the end of July.  These improvements and the strong market demand for ductile iron pipe support our outlook for the fourth quarter and our expectation for higher top-line and profitability in 2019."
  • B
    B from the hip
    Forterra upgraded to Outperform from Sector Perform at RBC Capital RBC Capital analyst Michael Dahl upgraded Forterra with a price target of $17, up from $15. The recent arbitration ruling is a "positive", while the sell-off last week following a secondary offering creates a "compelling" long-term buying opportunity, the analyst tells investors in a research note. Dahl adds that Forterra managment has taken "significant steps" to improve operations
    Bullish
  • B
    B from the hip
    Am I the only investor that owns more than just a few hundred shares other than the millions of shares owned by the stable large institutional investors?
    No news equates to way too much volatility on this thinly-traded stock.
  • B
    B from the hip
    Very nice performance, especially during these difficult times - The conference call was excellent.... I would expect upgrades within next week...
    Bullish
  • B
    B from the hip
    infrastructure spending to start in the fall of this year for water and drainage.
  • B
    B from the hip
    The good stuff will be in the conference call.
  • B
    B from the hip
    Dear Investors, following last week’s news on favorable arbitration results, we have just put out two more press releases this afternoon, announcing:
     

    Lone Star Funds, our ~69% shareholder, has decided to sell 10 million of their shares (with a 15% overallotment) under the S-3 that was filed last December; and

    We have notified our Term Loan administrator that we intend to prepay $100 million of the term loan on this Thursday, 9/17. 
  • t
    tim
    Predictions tomorrow?
  • B
    B from the hip
    This price is a GIFT !
  • j
    j
    This company reminds me of valiant. Tried to increase valuation through acquisitions and debt.
  • A
    Ariano
    Don't understand why B from the hip erases the message, Information that I gave yersterday maybe is worth it to investors.
    This stock is the highest leveraged in my portfolio, the only reason that I'm holding is that information that I shared yersterday.
  • B
    B from the hip
    Buy now, I'm loaded in it.... It's 100% of my portfolio. It's going to $23 by the end of this year and $60 by the end of 2023....
  • m
    minnesotafarmcountry
    How would tariffs affect frta?
  • B
    B from the hip
    just bought another 4000 shares.
    $23 in 2018...
  • A
    Ariano
    lone star owns 70 % and right now they seat at minus 45% . Lone star has a loss of 187 million $$ , they own more than 45 million shares.
    one time lone star was 125% up and did not sell any shares . NO worries.
  • G
    Gdfellow
    Yahoo has Earnings expectations so low . Considering all the restructuring from last years Hurricanes and profits most likely being posted in this past quarter. I see a blow out on the horizon.
  • B
    B from the hip
    Love this infrastructure company! Tremendous footprint from coast to coast able to rebuild our water/drainage infrastructure system. I've picked up 25k shares and look forward to $23 in 2018 and $60 by 2022.
  • d
    david
    Im admittedly swinging this a little, really loaded up earlier in the year and sold some @ 14. I think the days of big dips behind us and 14-16 range forthcoming, short term, yes buying.
    Bullish
  • H
    HOLLY
    What happened to the infrastructure plan that was suppose to skyrocket FRTA?