"Be fearful when others are greedy. Be greedy when others are fearful."
-Warren Buffett
Intelligent Speculation
for the small investor
My name is Phillip Lyon and I have created this website to help the small investor. My investment philosophy is to invest in undervalued stocks that also have a speculative aspect. My website contains free stock picks and stock market commentary so check back often and tell your friends about my site.
Sell North American Galvanizing (NGA)
NGA - North American Galvanizing (Nasdaq) - (Closing Price - 5.45)
North American Galvanizing & Coatings is down quite a bit since I originally recommended it and I am going to recommend to sell.
A competitor of NGA, Azz Incorporated (AZZ) reported their third quarter results on Jan. 4 and reported a sequential decrease in revenue and operating income for their galvanizing segment. Consequently, due to the weak market and the potential for an earnings let down in the coming quarter I think it is best just to sell North American Galvanizing and take a loss.
Disclaimer: I have no position in NGA.
Leave a Reply