Severfield (LON:SFR) - Toughing it out

Thursday, Mar 24 2011 by

Mar 24th 2011 - Edison Investment Research today published a report on Severfield (SFR.L, LSE:SFR, LON:SFR) entitled "Toughing It Out". In summary, the report says:

Severfield has an enhanced competitive position, but markets rarely give credit for this in a downturn. Management flags an extended business trough into 2011, with a mix-driven upturn expected to commence next year. Despite some concern over H211 visibility, near-term order book development (based on current pipeline opportunities) could provide the catalyst for improved confidence.

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