RECENT PRESS
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There’s Gold in Salmon. Here’s How to Play the Boom
Salmon is increasingly in demand from health-conscious consumers around the world. Yet the salmon industry remains unfamiliar to U.S. investors because it is centered in Norway, where more than half of the world’s farmed salmon is produced. The industry’s growth prospects look good, thanks to annual demand growth in the mid-single digits, largely unpenetrated markets in Asia, and salmon’s small market share relative to meat.
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Synalloy Reports Third Quarter 2019 Results
RICHMOND, Va., Nov. 12, 2019 (GLOBE NEWSWIRE) -- Synalloy Corporation (Nasdaq: SYNL), today announced net sales for the third quarter of 2019 of $73.6 million. This represents a decrease of $4.2 million or 5.3% when compared to net sales for the third quarter of 2018. Excluding net sales of ASTI, net sales for the third quarter of 2019 decreased $12.6 million, or 16.2% compared to net sales for the third quarter of 2018. Net sales for the first nine months of 2019 were $237.2 million, an increase of $29.1 million or 14.0% from the first nine months of 2018.
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Helping clients build a better 401(k)
The U.S. retirement savings plan is broken, and while recent attempts to expand 401(k) savings has drawn mixed reviews, a consensus may be building around the need to unfurl a bigger financial safety net. Several statewide attempts to close the nation’s retirement savings gap may cross borders and serve as a precursor to a nationwide solution. Although only 10 states and one city have acted in the past two years, industry insiders say others could follow and a federal requirement is even possible.
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Records Retention for the California Real Estate Broker
Although at times cumbersome, retention of all records is an essential duty of real estate agents and brokers. In fact, not only is it a duty of agents and brokers, it is also a legal requirement. Under California Business & Professions Code §10148, "A licensed real estate broker shall retain for three years copies of all listings, deposit receipts, canceled checks, trust records, and other documents executed by him or her or obtained by him or her in connection with any transactions for which a real estate broker license is required."
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Synalloy Announces Dividend Payment and Termination of the At-the-Market Equity Offering Program
RICHMOND, Va., Nov. 16, 2018 (GLOBE NEWSWIRE) -- Synalloy Corporation is pleased to announce that its Board of Directors has declared an annual dividend payment of $0.25 per share, payable on December 12, 2018 to holders of record on November 30, 2018. This represents a 92% increase over the prior year’s annual dividend of $.13 per share. “2018 will be a record year for the Company, by far, in terms of both sales and profits,” said Craig C. Bram, President and CEO. “Distributing a portion of these profits to our shareholders is a practice that will continue when our financial results exceed our projected capital requirements,” said Bram.
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Synalloy’s Bristol Metals Announces Record High BookingsList Item 1
On the heels of being awarded the largest tubing order in its history, Synalloy is pleased to announce that its subsidiary Bristol Metals, LLC has recorded its single largest stainless-steel bookings month. Bristol Metals booked over $21 million dollars for the month of August.