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Russel Metals Inc T.RUS

Alternate Symbol(s):  RUSMF

Russel Metals Inc. is a metals distribution company in North America with a growing focus on value-added processing. It carries on business in three segments: metals service centers, energy products and steel distributors. The Company’s network of metals service centers carries a line of metal products in a range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals. Its energy products operations carry a specialized product line focused on the needs of energy industry customers. Its steel distributors operations act as master distributors selling steel in large volumes to other steel service centers and large equipment manufacturers. It provides processing and distribution services to a base of approximately 34,000 end users through a network of over 53 Canadian locations and 23 United States locations.


TSX:RUS - Post by User

Bullboard Posts
Comment by STOCKWIZon Nov 06, 2003 10:31pm
111 Views
Post# 6616267

RE: Time to Buy?

RE: Time to Buy?I took a position under $6.00 about 2 months ago. I still thing it is a bargain at these prices. With the dividend increase and the share price spike you are still earning a little over 4.25% return on your money. In addition, we can conservatively estimate a $10 share price within 12-18 months, as the North American economy recovers. They have such diversfied buisness segments that a drop in the overall economy won't affect them as much as their competitors. Also, their acquisition of Leroux steel hasn't been fully merged with their own operations, thus also opening more opputunity for profit growth. This a definite play for the value investor!
Bullboard Posts