Bruce Campbell (1) Harris Steel Group Inc. HSG-T BUY Mar 24, 2005

Underfollowed in the past because it had fairly limited trading flow. A significant amount of the company was held by the Harris family. Also they were using free cash flow to buy back stock. Did a secondary offering which took the Harris family down to about 50%. Well diversified in business applications. Looks relatively cheap.

A distributor of specialty steel and will probably be a beneficiary if and when the McKenzie Valley pipeline gets built.

Expect steel prices to stay robust. Very ownable.

Good uptrend over the last 1 1/2 years. It could be topping out, so be careful. There have been 2 little tops which are at about the same level which raises the possibility of a potential double top.