Topic: How To Invest

Q: Please tell me what you think of ADF Group (DRX) as an investment. Thanks.

Article Excerpt

A: ADF Group, $7.55, symbol DRX on Toronto (Shares outstanding: 32.6 million; Market cap: $246.1 million; www.adfgroup.com), designs and engineers architectural metal work, including connections, heavy steel built-ups, and miscellaneous products. It provides these services from a 630,000-square-foot fabrication plant in Quebec and a 100,000-square-foot fabrication plant in Montana. The company’s clients include general contractors, project owners, engineering firms and project architects, structural steel erectors, and other steel structure fabricators. Examples of its work include the 440-foot-tall spire at the top of the One World Trade Center tower in New York, and the three-dimensional trusses for the Mercedes-Benz Stadium in Atlanta. ADF pays a semi-annual dividend of $0.01 a share in May and October. Its $0.02 annual payment yields 0.26%. On December 11, 2023, the company announced it had signed $234.0 million in new contracts in the U.S. for work over the next couple of years. The largest of these contracts is for the second construction phase of a pharmaceutical company’s facilities in…