Russel Metals | StockChase
300
Russel Metals (RUS-T)

Last Price Recorded: $28.4700 on 2018-06-16

ON STOCKCHASE SINCE Dec 2000

middle man between steel companies & mnfctrs

steel
300
Russel Metals (RUS-T)

Last Price Recorded: $28.4700 on 2018-06-16

ON STOCKCHASE SINCE Dec 2000

middle man between steel companies & mnfctrs


Russel Metals


Signal Opinion Expert
COMMENT
Russel Metals(RUS-T) 

June 6, 2018

A steel and infrastructure play. He used to own it. The Trump steel tariffs have hit this stock, but Russel doesn't sell steel into the States, so it should not be hit by the tariffs. He likes this stock, but is growing concerned about limited infrastructure spending in North America.

steel

A steel and infrastructure play. He used to own it. The Trump steel tariffs have hit this stock, but Russel doesn't sell steel into the States, so it should not be hit by the tariffs. He likes this stock, but is growing concerned about limited infrastructure spending in North America.

steel
Andrew Pyle

Senior wea, The Pyle Group, Scot...

Price Price
$28.720
Owned Owned
No

COMMENT
Russel Metals(RUS-T) 

May 11, 2018

They took a hard look at this in the commodity washout of 2016. It is a good long-term name to own. Consistent cash flows. Very cyclical tough. They would really look at this if it was below $20. Yield is over 5%. 

steel

They took a hard look at this in the commodity washout of 2016. It is a good long-term name to own. Consistent cash flows. Very cyclical tough. They would really look at this if it was below $20. Yield is over 5%. 

steel
Bryden Teich

Portfolio , Avenue Investment Ma...

Price Price
$30.110
Owned Owned
No

COMMENT
Russel Metals(RUS-T) 

May 9, 2018

He does not like the materials space right now as there is no upward momentum in this sector presently.  Given recent inflation trends, it is not being confirmed with upward price movements.  He would not go here.  

steel

He does not like the materials space right now as there is no upward momentum in this sector presently.  Given recent inflation trends, it is not being confirmed with upward price movements.  He would not go here.  

steel
Cameron Hurst

Chief Inve, Equium Capital Manag...

Price Price
$30.090
Owned Owned
No

PAST TOP PICK
Russel Metals(RUS-T) 

May 3, 2018

(A Top Pick June 16/17 – Up 20.6%.) Pays a nice dividend. They still see growth here. The risk here is US steel tariffs.

steel

(A Top Pick June 16/17 – Up 20.6%.) Pays a nice dividend. They still see growth here. The risk here is US steel tariffs.

steel
Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$30.230
Owned Owned
Unknown

WATCH
Russel Metals(RUS-T) 

May 1, 2018

A Canadian play. The Trump threats are much ado about nothing. He's not worried. The chart is choppy, but may have potential. He bought a small amount when it was oversold. He'll watch it.

steel

A Canadian play. The Trump threats are much ado about nothing. He's not worried. The chart is choppy, but may have potential. He bought a small amount when it was oversold. He'll watch it.

steel
Keith Richards

Portfolio , ValueTrend Wealth Ma...

Price Price
$28.950
Owned Owned
Yes

COMMENT
Russel Metals(RUS-T) 

April 10, 2018

Looks good. Support level is at the current price. Volume is okay. It's been going sideways long enough to create a support level. Exit below $27. The 5.5% dividend is great. Resistance is likely at $29. Bigger resistance at $31 possibly in the late-summer/early-fall. Next support level is $25 where you may start going through this cycle again. All mineral and energy stocks are traders, so five-year holds are not great, because you can lose money. That's why the S&P has beaten the TSX.

steel

Looks good. Support level is at the current price. Volume is okay. It's been going sideways long enough to create a support level. Exit below $27. The 5.5% dividend is great. Resistance is likely at $29. Bigger resistance at $31 possibly in the late-summer/early-fall. Next support level is $25 where you may start going through this cycle again. All mineral and energy stocks are traders, so five-year holds are not great, because you can lose money. That's why the S&P has beaten the TSX.

steel
Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price Price
$27.850
Owned Owned
Unknown

BUY on WEAKNESS
Russel Metals(RUS-T) 

March 12, 2018

They are embroiled in this NAFTA tariff thing right now.  It could move steel prices in the right direction for them since they buy and stock steel.  You are at risk of something volatile happening either to the upside or downside.  If it got below $25 it would be attractive.  This is a difficult business generally.  The management team really respect their shareholders.

steel

They are embroiled in this NAFTA tariff thing right now.  It could move steel prices in the right direction for them since they buy and stock steel.  You are at risk of something volatile happening either to the upside or downside.  If it got below $25 it would be attractive.  This is a difficult business generally.  The management team really respect their shareholders.

steel
Ryan Bushell

President, Newhaven Asset Manag...

Price Price
$30.010
Owned Owned
Yes

HOLD
Russel Metals(RUS-T) 

January 24, 2018

Has this on his radar screen. It’s one that has a nice dividend, but also has a growth profile. As the oil/gas business continues to drill and do well, they are producing more pipe for that, which really drives their earnings.

steel

Has this on his radar screen. It’s one that has a nice dividend, but also has a growth profile. As the oil/gas business continues to drill and do well, they are producing more pipe for that, which really drives their earnings.

steel
Bruce Campbell

President , Stone Castle Investm...

Price Price
$31.120
Owned Owned
No

PARTIAL SELL
Russel Metals(RUS-T) 

January 8, 2018

Not a stock he has looked at in a long while.  It looks like it had a pretty decent rally.  It has not done much in 10 years, however.  He would look to lighten up and maybe buy it back if it gets to the lows.  It is an underperformer.

steel

Not a stock he has looked at in a long while.  It looks like it had a pretty decent rally.  It has not done much in 10 years, however.  He would look to lighten up and maybe buy it back if it gets to the lows.  It is an underperformer.

steel
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$29.770
Owned Owned
Unknown

COMMENT
Russel Metals(RUS-T) 

December 22, 2017

Historically, steel stocks like this do very, very well from October right through until the end of the year, and then have another move into the spring time. Right now, we are just about ready to enter into the period of seasonal strength. If it moves above its trading range now, that will confirm that once again it is going through its period of seasonal strength.

steel

Historically, steel stocks like this do very, very well from October right through until the end of the year, and then have another move into the spring time. Right now, we are just about ready to enter into the period of seasonal strength. If it moves above its trading range now, that will confirm that once again it is going through its period of seasonal strength.

steel
Don Vialoux

Research A, TimingTheMarket.CA &...

Price Price
$28.460
Owned Owned
Unknown

BUY on WEAKNESS
Russel Metals(RUS-T) 

December 15, 2017

He likes this for recovering steel prices, steady demand, and its position in Canada as the leading distributor. The yield looks very sustainable. Has a 76% payout ratio. Balance sheet looks really good for M&A, because they want to buy mom and pop shops and be a consolidator. On strengthening steel prices, he models them growing cash flows 25% from 2016 to 2018. However, on a PE basis, it’s a little more expensive than its peers, but on an EV to EBITDA basis, it is in line. He would look to buy this on a bit of a pullback. Pays a real nice dividend.

steel

He likes this for recovering steel prices, steady demand, and its position in Canada as the leading distributor. The yield looks very sustainable. Has a 76% payout ratio. Balance sheet looks really good for M&A, because they want to buy mom and pop shops and be a consolidator. On strengthening steel prices, he models them growing cash flows 25% from 2016 to 2018. However, on a PE basis, it’s a little more expensive than its peers, but on an EV to EBITDA basis, it is in line. He would look to buy this on a bit of a pullback. Pays a real nice dividend.

steel
Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$28.840
Owned Owned
Unknown

COMMENT
Russel Metals(RUS-T) 

November 24, 2017

Has exposure to pipe fabrication. So long as horizontal drilling is going to continue apace throughout North America, they should have good exposure. He likes management.

steel

Has exposure to pipe fabrication. So long as horizontal drilling is going to continue apace throughout North America, they should have good exposure. He likes management.

steel
Daniel Lloyd

Portfolio , Forge First Asset Ma...

Price Price
$28.860
Owned Owned
No

TOP PICK
Russel Metals(RUS-T) 

November 15, 2017

The company’s energy side is getting traction. Earnings are expected on Feb 15 and expected to more than triple. Free cash flow grew 108%. 5.7% dividend yield. (Analysts’ price target is $32.38.)

steel

The company’s energy side is getting traction. Earnings are expected on Feb 15 and expected to more than triple. Free cash flow grew 108%. 5.7% dividend yield. (Analysts’ price target is $32.38.)

steel
Robert McWhirte

President, Selective Asset Mana...

Price Price
$28.010
Owned Owned
Yes

COMMENT
Russel Metals(RUS-T) 

November 14, 2017

This is a “peak of the cycle” stock, i.e., it requires a very good economy with strong demand for its products in order to make a lot of money. This is not the kind of stock he likes. The 5.4% dividend is probably safe.

steel

This is a “peak of the cycle” stock, i.e., it requires a very good economy with strong demand for its products in order to make a lot of money. This is not the kind of stock he likes. The 5.4% dividend is probably safe.

steel
David Baskin

President, Baskin Wealth Manage...

Price Price
$28.220
Owned Owned
No

COMMENT
Russel Metals(RUS-T) 

November 8, 2017

Just reported and it looks like they beat the numbers the market had been anticipating. Expects the stock price to move higher tomorrow. On a longer-term basis, a lot of this has to do with the oil/gas market, as they do a lot of pipes. The dividend has fairly good coverage, so feels it is fairly safe with some possible growth.

steel

Just reported and it looks like they beat the numbers the market had been anticipating. Expects the stock price to move higher tomorrow. On a longer-term basis, a lot of this has to do with the oil/gas market, as they do a lot of pipes. The dividend has fairly good coverage, so feels it is fairly safe with some possible growth.

steel
Bruce Campbell

President , Stone Castle Investm...

Price Price
$27.320
Owned Owned
Unknown

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