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Bullboard - Stock Discussion Forum 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 field stores 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... see more

TSX:RUS - Post Discussion

Russel Metals Inc > Why sudden big drop?
View:
Post by prabhatmalik on Mar 31, 2021 9:52am

Why sudden big drop?

I do not see any news.
Comment by prabhatmalik on Mar 31, 2021 10:01am
Therer is no news on their website too. Baffled
Comment by ol_griz on Mar 31, 2021 10:03am
Range bound.  Smacked back after every gradual rise.  Market seems to give established industrials no credit for anticipated economic upticks but punishes them for negatives (like proposal of a US corporate tax rise?).  Will want to see a couple of quarters of evidence before letting it go higher.  JMHO
Comment by mbuch on Mar 31, 2021 10:37am
Somebody knows something I'm guessing. Retailers always get screwed as they are the last to know.
Comment by TheInsidePoop on Mar 31, 2021 12:45pm
How'bout a 2 trillion dollar infrastructure plan implies a lot of demand for metals and somebody wants to load at a discount?
Comment by prabhatmalik on Mar 31, 2021 12:47pm
Bank of Nova scotia downgraded to sector permormer so their customers can load them up at discount.
Comment by mbuch on Apr 01, 2021 8:42am
Ah, there you go... Downgrade, shake out the weak hands and snap up the cheapies.  Classic
Comment by prabhatmalik on Apr 01, 2021 10:10am
So Scotiabank's VIP customers got shares at cheaper price and now shares are going up. Unreal these analysts, this total fraud.
Comment by ol_griz on Apr 01, 2021 12:25pm
you have to wonder when you look at the two day numbers.  Goofy.
Comment by prabhatmalik on Apr 05, 2021 9:58am
Unbeleivable, up after downgrade. Go figure. Go RUS!
Comment by maplak on Apr 05, 2021 10:43am
Bullshit .... Just got upgraded by BMO with target  $32.67 + 23.24 upside.
Comment by prabhatmalik on Apr 05, 2021 10:49am
Scotia had downgraded to $25.60 a week ago. Who do you beleive?
Comment by maplak on Apr 05, 2021 10:56am
I believe what happened today , upgraded by BMO.We are on the way to $ 30 while collecting dividends.Sweet.
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