RE: Article in Globe and Mail about Steel IndustrAh, there is no "right" or "wrong" in this game. It all depends on risk tolerance, portfolio diversification, investment style, etc. etc.
It's just I just started investing about 4 years ago, and I still don't have much to show for it - in fact I'm still working on recouping my losses over that period. I've always sold out entire positions only to regret having done so in some cases later. By only trading rather than accumulating, I have little to show for my efforts by way of building up my equity. But that's my story.
Just to make your next decision more difficult (or not !
), have you looked at SID or PSD on the TSX (I own PSD)? MRE is another one I think may do pretty well this year - it's been in a range for a long time and recently shows signs of moving up (I own MRE as well).
BUI looks like a pretty safe play and with a dividend, but and with steel prices aside, BBL.a could benefit from the impact of the BOC's interest rate cut on the building industry. Can't get much more "bricks and mortar" than that eh?
If you're feeling a little more fiesty, have you looked at CTY? Lower dividend than BUI, but a tech play with perhaps more upside. CTY and RUS are both stocks I've been averaging up in over the last 8 months (which is unusual for me, but more in tune with my desire to accumulate).
South of the border, DXPE seems a good value play, although it had a big runup today. I sense it's become "discovered" which for a NAZ stock probably means volatility to come! Still one I'm thinking about buying on dips.
Anyway, my 2 cents. I'm no analyst, just another retail investor. Would have loved to have been in MAMA and sold today, but I try to stay focussed on the more "sure things"...
Best of luck to you,
Diz