Company’s stock may gain recovery

BY STEVE LACKMEYER Published: November 15, 2009
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In news releases over the summer, the company said it had executed a new credit agreement with Wells Fargo Bank that provides it with a base borrowing amount of $25 million. The company also opened its 11th plant in Benwood, W.Va.

Dollarhide noted the company’s performance was up over 2008. Indeed, in The Oklahoman’s Oklahoma Inc. ranking, North American Galvanizing & Coating moved up 10 spots to No. 10 when comparing financial data for the 12-month period that ended June 30.

"A full economic recovery is being anticipated by mid-2010,” Dollarhide said. "If a recovery in the economy is going to happen, you can say the market has already had its run, but we’ve really only recovered losses. And if there is another run, their stock could really go up.”