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Forterra, Inc. (FRTA)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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21.04+0.26 (+1.25%)
At close: 4:00PM EST
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  • A
    Aries379
    For a stock that is so quiet I have gained substantially on this one. Bought it at 4$ and some change about 2 years ago. Rarely any news but I work in road and bridge work and consistently see and use the products they build is the main reason I dove in at the low stock price. Infrastructure is constantly changing
  • A
    Ariano
    Still in and holding
  • L
    Long Term
    Switch more funds into ORN at current valuations?
  • A
    Ariano
    Goldman Sachs analyst Jerry Revich upgrades Forterra (NASDAQ:FRTA) from Neutral to Buy and announces $19 price target.
  • B
    Brian
    this is such a good long term investment. $20 in six months. lets go!
  • J
    Jonathan
    CEO Watson selling shares. 80,000 so far. What does that tell you?
  • A
    Ariano
    Hope he sells frta for $19 too
  • L
    Long Term
    Still waiting for ORN to catch up to FRTA - they seem to be way undervalued.
  • B
    BeSmart
    top infrastructure pick
  • 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
  • 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...
  • 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.