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No. of Recommendations: 3
Apparently it was downgraded by Roth from Buy to Hold with a target price cut from $18 to $13. The reasoning was flagging demand in the steel industry.

We anticipated this when we sold the stock, noting the significant receivables and unbilled receivables CFSG was collecting. In othere words, the company was juicing revenues even though demand was leveling off.

It seems as though Roth is confirming this reality, which would also call into question the quality of those receivables. I'd wait for additional financial results before taking the plunge here.

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