Wow Huge drop - I am inThat is an impressive drop today. Looks like a washout with second highest volume ever in the last 5 years. To hard to resist an 8.1 percent dividend so in for my first time in Russel Metals.
I think the way oil price is holding up is sending sign that a recession is not coming. The steels have been severly beaten and especially Russel.
Looks like I am starting to become a steel investor now but I figure buying low is never bad idea. Stelco also getting beaten up on much lower vollumes today. Thats a good one also with the 3000 acres of land they plan to develope that has not shown up on income statement yet.