Insteel’s Shakeout Offers a Clear Rebound Trade: Upgrade to Buy
Insteel Industries plunged earlier this year on margin compression and weather-driven shipping weakness. That sell-off appears overdone: IIIN trades at ~13.4x earnings and EV/EBITDA of 7.5 with no debt, a $559M market cap, and a 52-week range that leaves room for mean reversion. We upgrade to a tactical buy with a defined entry, stop and target for…