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May 2018 Newsletter Dear Friends, I am writing this letter right after returning from a three day financial conference in New York City. I’m happy to report that the unanimous conclusion of all of the speakers is that the current recovery will continue until at least the second half of...

April 2018 Newsletter Dear Friends, Not a lot has changed since last month. Price increases continue unabated and steel products continue to be in short supply. Hopefully the supply/demand ratio will equalize in the next few months as more domestic steel capacity comes online. Until then, please bear...

Dear Friends, After an unusually cold and snowy January the weather has improved somewhat this month. After some pretty intense gyrations earlier this month the stock market appears to be resuming its upward climb. President Trump unveiled his infrastructure plan recently but, I for one was...