Russel Metals

RUS-T

TSE:RUS

21.43
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
BUY
BUY
March 24, 2017

You can be buying now or on a pull back. There are strong tailwinds from steel prices and infrastructure spending as well as a strong balance sheet. They acquired small companies. It is expensive, however. It is cheap on a price to cash flow relative to its 5 year. It has a high dividend. The payout ratio is 102%, but he models it going down next year. Their energy segment is about 35% of their business and is the wild card.

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Russel Metals (RUS-T)
March 24, 2017

You can be buying now or on a pull back. There are strong tailwinds from steel prices and infrastructure spending as well as a strong balance sheet. They acquired small companies. It is expensive, however. It is cheap on a price to cash flow relative to its 5 year. It has a high dividend. The payout ratio is 102%, but he models it going down next year. Their energy segment is about 35% of their business and is the wild card.

COMMENT
COMMENT
February 22, 2017

He looked at the name 4-5 months ago, and really liked it. Waited for an entry point but missed the boat. A great name. The dividend is sustainable. The nature of their business tends to be anti-cyclical, from a cash flow point of view.

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Russel Metals (RUS-T)
February 22, 2017

He looked at the name 4-5 months ago, and really liked it. Waited for an entry point but missed the boat. A great name. The dividend is sustainable. The nature of their business tends to be anti-cyclical, from a cash flow point of view.

COMMENT
COMMENT
February 14, 2017

Has been pretty volatile over the last 3-4 years. It has a significant amount of businesses that is geared towards energy services. Great management team. If it gets over $30, that is where you would want to take some profits. 5.5% dividend yield.

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Russel Metals (RUS-T)
February 14, 2017

Has been pretty volatile over the last 3-4 years. It has a significant amount of businesses that is geared towards energy services. Great management team. If it gets over $30, that is where you would want to take some profits. 5.5% dividend yield.

COMMENT
COMMENT
February 2, 2017

It is interesting. It is a commodity oriented stock that maintained its yield. It is trading based on higher capital spending in North America. He prefers to get his dividends elsewhere, but it is well managed. It is semi-infrastructure. We are seeing a recovery there. Trump may only allow US steel to be used.

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Russel Metals (RUS-T)
February 2, 2017

It is interesting. It is a commodity oriented stock that maintained its yield. It is trading based on higher capital spending in North America. He prefers to get his dividends elsewhere, but it is well managed. It is semi-infrastructure. We are seeing a recovery there. Trump may only allow US steel to be used.

COMMENT
COMMENT
December 30, 2016

Chart shows a downtrend during 2015 that has been broken, followed by a base. Typically, what happens is that when you get a break, you almost always get a test of that breakout. That is called the neck line. It might come down another $.50-$1 and still be in the safe zone. As a disciplined technical person, you let it test the zone, in this case about $24, make sure it bounces and then you buy it.

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Russel Metals (RUS-T)
December 30, 2016

Chart shows a downtrend during 2015 that has been broken, followed by a base. Typically, what happens is that when you get a break, you almost always get a test of that breakout. That is called the neck line. It might come down another $.50-$1 and still be in the safe zone. As a disciplined technical person, you let it test the zone, in this case about $24, make sure it bounces and then you buy it.

BUY
BUY
November 10, 2016

It is a bit of a leveraged play on infrastructure. It is an older Canadian company that distributes specialized metals. It will do well in economies that are growing.

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Russel Metals (RUS-T)
November 10, 2016

It is a bit of a leveraged play on infrastructure. It is an older Canadian company that distributes specialized metals. It will do well in economies that are growing.

COMMENT
COMMENT
October 26, 2016

On his watch list. It pays a good dividend of over 7%. You could see some upside in the stock. It is a volatile space, so you are going to have to own it and not pay a lot of attention to it, and he thinks it will grind higher over the next couple of years.

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Russel Metals (RUS-T)
October 26, 2016

On his watch list. It pays a good dividend of over 7%. You could see some upside in the stock. It is a volatile space, so you are going to have to own it and not pay a lot of attention to it, and he thinks it will grind higher over the next couple of years.

DON'T BUY
DON'T BUY
August 29, 2016

It is a cyclical. It got down to EBV earlier and had a big bounce. He thinks it will come down to EBV ($13.60) again. They are paying out more than they are earning. Don’t touch it. Look at it if it gets to the single digits.

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Russel Metals (RUS-T)
August 29, 2016

It is a cyclical. It got down to EBV earlier and had a big bounce. He thinks it will come down to EBV ($13.60) again. They are paying out more than they are earning. Don’t touch it. Look at it if it gets to the single digits.

DON'T BUY
DON'T BUY
July 28, 2016

Had improved results in their metal service business in Q1. They are looking to sell some US operations to help fix the balance sheet. They have a good bank line, and probably have some good, long term growth, but their payout ratio is 125% 2016 (est.). They may cut their dividend in Q3 if their energy outlook does not improve. If he owned, he would be selling Calls on it. 6.5% dividend yield.

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Russel Metals (RUS-T)
July 28, 2016

Had improved results in their metal service business in Q1. They are looking to sell some US operations to help fix the balance sheet. They have a good bank line, and probably have some good, long term growth, but their payout ratio is 125% 2016 (est.). They may cut their dividend in Q3 if their energy outlook does not improve. If he owned, he would be selling Calls on it. 6.5% dividend yield.

BUY
BUY
July 18, 2016

It has done very well. Everything is ticking along for them. They made several improvements to their balance sheet over the years and the dividend is not risk. As we get clarity as to where scrap metal prices will settle out we will find out if the dividend will increase or not.

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Russel Metals (RUS-T)
July 18, 2016

It has done very well. Everything is ticking along for them. They made several improvements to their balance sheet over the years and the dividend is not risk. As we get clarity as to where scrap metal prices will settle out we will find out if the dividend will increase or not.

DON'T BUY
DON'T BUY
July 5, 2016

Doesn’t see a lot of upside in this, and he is Short. The steel price rally, which has taken this company higher in the first half of the year, will be fleeting. There are a lot of external issues that have influenced it. At the moment the company is not making its dividend, which is always a perilous spot to be in. Trading at an excessive valuation.

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Doesn’t see a lot of upside in this, and he is Short. The steel price rally, which has taken this company higher in the first half of the year, will be fleeting. There are a lot of external issues that have influenced it. At the moment the company is not making its dividend, which is always a perilous spot to be in. Trading at an excessive valuation.

COMMENT
COMMENT
June 9, 2016

This is a company that returns money to shareholders with dividends through the bad times. It is a high cash flow business, especially when they are drawing down inventories. If steel prices come off again, there is the risk that in 2017 they may have to cut their dividends. The yield is 6%+.

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This is a company that returns money to shareholders with dividends through the bad times. It is a high cash flow business, especially when they are drawing down inventories. If steel prices come off again, there is the risk that in 2017 they may have to cut their dividends. The yield is 6%+.

BUY WEAKNESS
BUY WEAKNESS
June 8, 2016

A very well-run company. Operates in a volatile business of steel distribution, but has a very attractive free cash flow generation. It tends to be a bit countercyclical, in that when things get tougher they work their inventory levels down, and the free cash flow actually goes up more. Pays a very healthy dividend which he feels is sustainable. A good, long term company to be in. Wait for a pullback to put new money in.

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A very well-run company. Operates in a volatile business of steel distribution, but has a very attractive free cash flow generation. It tends to be a bit countercyclical, in that when things get tougher they work their inventory levels down, and the free cash flow actually goes up more. Pays a very healthy dividend which he feels is sustainable. A good, long term company to be in. Wait for a pullback to put new money in.

COMMENT
COMMENT
May 4, 2016

He is most concerned with their vertical called Oil Country Tubular, pipes that go into the oil/gas industry, which has been down. They also sell into the agricultural industrial sector. Very well-managed. They will try to maintain the dividend, but with the weakness in their oil service side, he has a few concerns. They collect margins, so as steel prices are lower, they try to maintain the percentage, but the actual dollar amount could impact them.

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He is most concerned with their vertical called Oil Country Tubular, pipes that go into the oil/gas industry, which has been down. They also sell into the agricultural industrial sector. Very well-managed. They will try to maintain the dividend, but with the weakness in their oil service side, he has a few concerns. They collect margins, so as steel prices are lower, they try to maintain the percentage, but the actual dollar amount could impact them.

PARTIAL SELL
PARTIAL SELL
May 4, 2016

Their payout ratio is elevated. It is hard to see what the catalysts are. Their balance sheet is in pretty good shape so they can probably keep up the dividend for quite a while. You might take a little off the table if you have a gain.

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Their payout ratio is elevated. It is hard to see what the catalysts are. Their balance sheet is in pretty good shape so they can probably keep up the dividend for quite a while. You might take a little off the table if you have a gain.

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