Russel Metals

RUS-T

TSE:RUS

21.21
0.08 (0.38%)
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
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.

BUY
BUY
October 5, 2017

A steel service business. They don’t make steel, but they fabricate it, bend it and shape it to pipe, etc. They do a lot of business in Northern Alberta, and things are picking up there. Doesn’t think it is too late to buy this.

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Russel Metals (RUS-T)
October 5, 2017

A steel service business. They don’t make steel, but they fabricate it, bend it and shape it to pipe, etc. They do a lot of business in Northern Alberta, and things are picking up there. Doesn’t think it is too late to buy this.

HOLD
HOLD
October 3, 2017

Great management. Operates in a pretty tough business segment, both industrial manufacturing and energy field services. He really likes management. Good dividend yield of 5.5%. If looking to purchase, wait for it to get to $22-$23.

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Russel Metals (RUS-T)
October 3, 2017

Great management. Operates in a pretty tough business segment, both industrial manufacturing and energy field services. He really likes management. Good dividend yield of 5.5%. If looking to purchase, wait for it to get to $22-$23.

COMMENT
COMMENT
September 28, 2017

This is going to go higher. It could have been a Top Pick. He is looking for $32 over the next 12 months. Its earnings were up last quarter by 31%. He likes the recovery in steel prices, and their tubular segment, which is linked to the energy sector, which has been improving. The dividend is pretty safe right now. 80% payout ratio on EPS for 2017. Trades at a multiple that is below its peers.

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Russel Metals (RUS-T)
September 28, 2017

This is going to go higher. It could have been a Top Pick. He is looking for $32 over the next 12 months. Its earnings were up last quarter by 31%. He likes the recovery in steel prices, and their tubular segment, which is linked to the energy sector, which has been improving. The dividend is pretty safe right now. 80% payout ratio on EPS for 2017. Trades at a multiple that is below its peers.

WAIT
WAIT
September 6, 2017

The chart shows a “head and shoulders bottom”. You get a shoulder, and then a low, and then the next low is higher than the last low. The stock is attempting to break the neck line, and the chart needs to show that it has definitely broken it. $30 would suggest that the “head and shoulders bottom” is in place, and it could have lots of upside. Wait for another dollar or so before buying it.

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Russel Metals (RUS-T)
September 6, 2017

The chart shows a “head and shoulders bottom”. You get a shoulder, and then a low, and then the next low is higher than the last low. The stock is attempting to break the neck line, and the chart needs to show that it has definitely broken it. $30 would suggest that the “head and shoulders bottom” is in place, and it could have lots of upside. Wait for another dollar or so before buying it.

TOP PICK
TOP PICK
August 25, 2017

It has a 5.9% yield with a 74% payout ratio. Expect an 11% increase in earnings in November. The ROE is 10.5%. (Analysts’ target: $32.00).

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Russel Metals (RUS-T)
August 25, 2017

It has a 5.9% yield with a 74% payout ratio. Expect an 11% increase in earnings in November. The ROE is 10.5%. (Analysts’ target: $32.00).

WATCH
WATCH
July 20, 2017

There is a little bit of a bid underneath this whole growth profile area, particularly in oil and gas. Numbers show that the inventory is being worked off and there are a lot more rigs coming on. Chart shows a nice trend going from the lows at the beginning of 2016. Indicators are wanting to turn up, but are sort of bouncing around not sure what to do. A stock like this is going to be sensitive to all things economic. Wait until midweek next week and see what is happening with the FMC days. Take half your full position during that time. There is going to be a little resistance around $26, followed by more resistance around $28. There is a lot of seasonality on this. It usually has a fantastic August.

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Russel Metals (RUS-T)
July 20, 2017

There is a little bit of a bid underneath this whole growth profile area, particularly in oil and gas. Numbers show that the inventory is being worked off and there are a lot more rigs coming on. Chart shows a nice trend going from the lows at the beginning of 2016. Indicators are wanting to turn up, but are sort of bouncing around not sure what to do. A stock like this is going to be sensitive to all things economic. Wait until midweek next week and see what is happening with the FMC days. Take half your full position during that time. There is going to be a little resistance around $26, followed by more resistance around $28. There is a lot of seasonality on this. It usually has a fantastic August.

BUY
BUY
July 13, 2017

The dividend is sustainable. It was cut in the last major downturn and that may have been a mistake. We have seen an update in North American activity.

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Russel Metals (RUS-T)
July 13, 2017

The dividend is sustainable. It was cut in the last major downturn and that may have been a mistake. We have seen an update in North American activity.

COMMENT
COMMENT
June 27, 2017

This provides steel to both energy services industry as well as mid-and small type manufacturing firms. That has been going well. They are seeing some infrastructure demand in Ontario and Québec and energy demand in the West has stabilized and started to pick up. Located both in Canada and the US. Dividend yield of 6%.

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Russel Metals (RUS-T)
June 27, 2017

This provides steel to both energy services industry as well as mid-and small type manufacturing firms. That has been going well. They are seeing some infrastructure demand in Ontario and Québec and energy demand in the West has stabilized and started to pick up. Located both in Canada and the US. Dividend yield of 6%.

COMMENT
COMMENT
June 26, 2017

He owns bonds of this company. It is a very cyclical stock. They have cut the dividend before and will again if need be. It is going to be a volatile stock, but it is a very well managed company.

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Russel Metals (RUS-T)
June 26, 2017

He owns bonds of this company. It is a very cyclical stock. They have cut the dividend before and will again if need be. It is going to be a volatile stock, but it is a very well managed company.

TOP PICK
TOP PICK
June 16, 2017

This is part of infrastructure and energy recovering. Q1 EPS beat by 30%. He is fairly bullish on steel prices. They have a competitive advantage being Canada’s largest distributor. He models earning recovering by 55%. They also have a pretty good balance sheet. Dividend yield of 6.1%. (Analysts’ price target is $31.)

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Russel Metals (RUS-T)
June 16, 2017

This is part of infrastructure and energy recovering. Q1 EPS beat by 30%. He is fairly bullish on steel prices. They have a competitive advantage being Canada’s largest distributor. He models earning recovering by 55%. They also have a pretty good balance sheet. Dividend yield of 6.1%. (Analysts’ price target is $31.)

COMMENT
COMMENT
April 21, 2017

Payout ratio is about 102%, down a lot from 2016. It is starting to do a lot better. Metal prices have come up a lot. One of the largest distributors in Canada. Their energy segment, a pretty big component of their business, is a bit of a wildcard. He has been adding to this a lot over the last 6 months. Dividend yield of 5.7%.

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Russel Metals (RUS-T)
April 21, 2017

Payout ratio is about 102%, down a lot from 2016. It is starting to do a lot better. Metal prices have come up a lot. One of the largest distributors in Canada. Their energy segment, a pretty big component of their business, is a bit of a wildcard. He has been adding to this a lot over the last 6 months. Dividend yield of 5.7%.

BUY
BUY
April 11, 2017

A name he likes and has been purchasing it over the last month or 2. It has a path for growth through infrastructure, and pays a good dividend. They may not grow the dividend a ton in the near future, but will be able to maintain it. Expects there will be capital appreciation. Along with the dividend, he would expect 15%-20% upside.

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Russel Metals (RUS-T)
April 11, 2017

A name he likes and has been purchasing it over the last month or 2. It has a path for growth through infrastructure, and pays a good dividend. They may not grow the dividend a ton in the near future, but will be able to maintain it. Expects there will be capital appreciation. Along with the dividend, he would expect 15%-20% upside.

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