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Haynes International 




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Haynes: Backlog Increase, Incoming New Alloys, And Cheap

Haynes International, Inc. (NASDAQ:HAYN) recently delivered a significant backlog increase and beneficial expectations about new cash generation from 2024. Most analysts out there are expecting FCF generation in 2024 and 2025. Additionally, given the need for fuel-efficiency aerospace engines and the development of new alloys such as the HAYNES HR-224 alloy, I expect FCF margin increases. I did find risks from inventory management, higher price of raw materials, or competition, however HAYN does look cheap.

seekingalpha.com     Dec 11, 2023