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From: americast-post@AmeriCast.Com
Organization: American Cybercasting
Approved: americast-post@AmeriCast.com
Subject: Companies In The Leading Industry
Date: Tue, 10 Nov 92 12:43:39 EST
Message-ID: <14.1992Nov10.124340@AmeriCast.com>

11/10/92


TITLE Companies In The Leading Industry #m#gm#m#Synalloy's A
Leader In Steel Pipe Group The Steel - Pipe & Tubes group has
been a strong performer this year, thanks to sharp gains in
Synalloy Corp. and Valmont Industries Inc.  Up 4.4% last week,
the thin ten-stock group has gained more than 34% since the be-
ginning of the year.  Synalloy, which traded at a all-time high
of 223/4 yesterday, has more than doubled this year on a tur-
naround in earnings. The Spartanburg, S.C.-based company has re-
ported earnings gains of 43% and 69% in the past two quarters.
That follows four quarters of declining earnings.  Synalloy makes
stainless steel pipes as well as dyes, pigments and specialty
chemicals. On Monday, the company declared a new eight-cent divi-
dend payable Dec. 1.  Valmont Industries also has produced a
dramatic turnaround in earnings this year. In the past two quar-
ters, earnings increased 67% and 2,200%. In response, the stock
has surged more than 60% since early January.

Valley, Neb.-based Valmont Industries is the largest manufacturer
of mechanical move irrigation equipment. It also produces
street-lighting poles, traffic signals, lighting ballasts, steel
tubing and other industrial products.

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