Russel Metals

RUS-T

TSE:RUS

15.16
0.00 (0.00%)
Russel Metals Inc. is one of the largest North American suppliers of metal products, with operations across Canada and the United States. The company was originally established in 1785 by John Russel as John Russel & Co.
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Analysis and Opinions about RUS-T

Signal
Opinion
Expert
COMMENT
COMMENT
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.

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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.

PAST TOP PICK
PAST TOP PICK
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.

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(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.

WATCH
WATCH
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.

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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.

COMMENT
COMMENT
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.

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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.

BUY WEAKNESS
BUY WEAKNESS
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.

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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.

HOLD
HOLD
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.

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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.

PARTIAL SELL
PARTIAL SELL
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.

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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.

COMMENT
COMMENT
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.

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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.

BUY WEAKNESS
BUY WEAKNESS
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.

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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.

COMMENT
COMMENT
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.

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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.

TOP PICK
TOP PICK
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.)

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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.)

COMMENT
COMMENT
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.

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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.

COMMENT
COMMENT
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.

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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.

BUY
BUY
November 3, 2017

As of Q2, earnings are up 31% year-over-year on better margins. He sees the recovery in steel prices continuing. The wildcard is what happens in their tubular energy sector. Has a high dividend. 80% payout ratio this year and 74% next year. Trading at around 8.2X EV EBITDA versus its peers at around 9.6. Good balance sheet. A good story.

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Russel Metals (RUS-T)
November 3, 2017

As of Q2, earnings are up 31% year-over-year on better margins. He sees the recovery in steel prices continuing. The wildcard is what happens in their tubular energy sector. Has a high dividend. 80% payout ratio this year and 74% next year. Trading at around 8.2X EV EBITDA versus its peers at around 9.6. Good balance sheet. A good story.

COMMENT
COMMENT
October 17, 2017

This is at what he considers resistance. If he had a “break even”, he would be a seller. His model price is $44. In the last 8 years, EBV 3 has been a significant resistance for this stock. There is more value elsewhere.

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Russel Metals (RUS-T)
October 17, 2017

This is at what he considers resistance. If he had a “break even”, he would be a seller. His model price is $44. In the last 8 years, EBV 3 has been a significant resistance for this stock. There is more value elsewhere.

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