| HOLD | 23.760 | Bruce Campbell | Thinks they will hold their dividend. Good balance sheet. | 2008-09-29 | |
| DON'T BUY | 29.850 | David Baskin | (Market Call Minute.) Held up better than he expected. | 2008-09-02 | |
| BUY | 29.200 | Don Lato | Metals distributor company, primarily steel. Very strong cash flows. Pays a very strong dividend. | 2008-08-13 | |
| BUY on WEAKNESS | 28.860 | David Driscoll | This one has always been a difficult call. It all depends on what steel prices are doing. Dividend is quite good. Well run, well-managed company. Would be interested on any kind of a weakness. | 2008-06-09 | |
| TOP PICK | 30.430 | Sandy McIntyre | Chose this for the regular distribution. No net debt. $500 million in inventory. Beneficiary of an uptick in tubular for the oil patch. 6% dividend with a history of paying out all of its earnings in a dividend. Long-term growth profile. | 2008-05-05 | |
| Comment | 28.480 | Michael Sprung | This is a great yield stock at 6.4%. They can probably maintain their dividend, but where they are going to be hit is on the rebar side. Doesn't see a lot of building going to be going on. | 2008-04-15 | |
| HOLD | 28.400 | Bruce Campbell | Great dividend as well as a great balance sheet. Management is excellent and have said that they will live through the cycle. So much free cash flow and such a good balance sheet that even though there is economic sensitivity they will pay through the downturn. | 2008-04-11 | |
| TOP PICK | 25.880 | Don Vialoux | Has been forming a potential reverse head and shoulders pattern. If it breaks above $26.80 it should go up to about $31. Fundamentally, the company has very strong first-quarter results. Earnings for the whole year are going to be up about 15%-20%. | 2008-04-03 | |
| HOLD | 26.050 | Norman Levine | A hold here. The cycle seems to be heading down. The yield is good. | 2008-03-27 | |
| HOLD | 24.570 | Robert Floyd | Suspect of the share price in the past. Terrific operator, good yield on the stock, but the dividend is a bit suspect. Target in the high twenties. | 2008-03-20 | |
| HOLD | 25.050 | Michael Sprung | Largely a distributor of rebar and metals that go into building projects. There has been a slowdown, which could affect this stock. For a long-term holder, he has no problems with this one. Has a pretty generous dividend at 7.2%. | 2008-03-05 | |
| DON'T BUY | 25.550 | Robert Floyd | He would be suspect of the 7% dividend.. Have a very good operation in terms of trading steel, et cetera. Have shown some good numbers. Very good operator. This is a cyclical, so when the economy is rolling down, they will suffer somewhat. | 2008-02-29 | |
| BUY | 22.000 | Brian Acker, CA | He has a model price of $37.40, which is a 70% positive differential. Looks good here. | 2008-02-07 | |
| HOLD | 20.280 | Bruce Campbell | The balance sheet is tremendous. Management is really good. Debt-free. They will continue to cover the dividend through cash flow. Yield is over 9%. Not overly exposed to the US. | 2008-01-23 | |
| DON'T BUY | 22.180 | Robert Floyd | Would still wait a little while on this one. He would like to see an improving tone on the economy. Don't be in a big hurry on this one. | 2008-01-15 | |
| BUY | 25.030 | Gavin Graham | Changes steeled into H-bars, I-beams, et cetera. Demand for steel is not so strong now. Very well managed company and when demand for steel picks up, it will do well again and in the meantime, you get 7.2% yield. | 2008-01-02 | |
| PAST TOP PICK | 25.450 | Bruce Campbell | (A Top Pick March 6/07. Down 9.2%.) Yield is almost 7%, which is attractive. Steel service centre, about 70% Canadian 30% US. Cdn$ has hurt their Canadian customers. Great balance sheet and really well managed. Still likes. | 2007-12-31 | |
| HOLD | 24.490 | John Zechner | Feels the earnings are going to be a little challenged in the short term on most of the industrial companies. They seem to have skated pretty well through steel pricing issues. Had great cash generation and good dividend. Fighting headwinds on the currency on global growth. Thinks the profits will head down in the next year or two. | 2007-12-05 | |
| DON'T BUY | 24.300 | David Baskin | Not bullish on this company because the manufacturers/construction/autos sectors in which they sell is going to be under continued pressure. Dividend is probably sustainable for a couple of quarters but their margins and sales volumes must be under pressure. | 2007-11-29 | |
| BUY | 23.500 | Peter Hodson | Started buying it back again as he can't turn down a $7 dividend yield on a metal stock when everybody else has been taken over. The nice thing about this company is that because of their working capital turnover and inventory, a North American slowdown is not that bad for them from a cash flow point of view. Fabulously managed. Use $20 as your stoploss. | 2007-11-26 | |
| Comment | 24.840 | Norman Levine | A steel service so is economically sensitive. Had a great ride and did well with steel prices. As the economy slows and steel prices come off it will probably be getting hurt. 7.25% yield could be suspect in a slowdown. If you're a short-term investor, you might want to get out. If you’re long-term, this is a great company to own. | 2007-11-20 | |
| WEAK BUY | 24.970 | Gavin Graham | Has been absolutely whacked in the last few months. Has a big Canadian exposure. Get a 6% dividend yield while you wait. Economically sensitive. | 2007-11-19 | |
| Comment | 27.360 | Robert Floyd | Cyclical. Probably a trade for up a couple of $’s. Very shrewd managers. A winding down of the US economy and a potential for the Canadian economy to slow somewhat, pricing could come down. 6% dividend will eventually be cut. | 2007-11-14 | |
| DON'T BUY | 28.130 | Bill Carrigan | Yield of 6.3%, which is quite high and would frighten him.. Stock had quite a long uptrend, which was violated in July. Commodity sensitive and he doesn't think the down is over yet. | 2007-11-13 | |
| Comment | 28.150 | Alex Ruus | Had a pretty good run and there may be some profit taking now. Steel is pretty cyclical and has had a good run over the last 5 years. | 2007-11-05 | |
| WEAK BUY | 31.180 | Michael Sprung | They pay a pretty impressive dividend, 5.83%. The metal distribution business is sensitive to the building environment. Well run company. We’ve been looking closely at it. If you’ve got a longer term view, you could buy here. | 2007-10-26 | |
| Comment | 31.200 | Robert Floyd | Has done extremely well and has a very strong payout. You have to believe that the steel market and steel pricing will continue to hold up. If the construction cycle starts to wind down, you could get hurt. | 2007-10-12 | |
| HOLD | 30.160 | Robert Floyd | Just made a small acquisition. Targets on the stock are around $34. Very astute operator. | 2007-09-06 | |
| BUY | 28.650 | Derek Webb, CFA | The last steel company in Canada that could be acquired. Very high dividend yield. Earnings are going up. Very strong possibility they could be taken out. | 2007-08-28 | |
| BUY | 28.000 | Peter Hodson | Spectacular management. Very fast inventory turnaround. "Would have been an income trust before that party ended."
| 2007-08-17 | |
| BUY | 29.450 | Veronika Hirsch | Dividend yield of 6% is incredibly attractive. Reported numbers that were a little weak due to the weakness in oil/gas exploration. Excellent management. | 2007-08-01 | |
| Comment | 32.190 | Bruce Campbell | 5.5% dividend. There are increasing rumours on a takeover and he could see $40 on this. Without the takeover, $34-$35 would be his target. Would take some profit at $35. | 2007-07-09 | |
| BUY | 31.450 | Michael Sprung | One of the best yielding stocks on the TSX, yields around 5% or better.
The current pull back is an opportunity. | 2007-06-15 | |
| SELL | 30.810 | Norman Levine | In the steel distribution business. It has been a great period to be in the steel fabricating business. Good yield. Getting closer to the end and if you own, it might be wise to take some profits and keep a core position. | 2007-05-30 | |
| PARTIAL BUY | 30.790 | Michael Smedley | Splendid dividend growth. A fine hold. You could buy a small bit at a time. | 2007-05-25 | |
| PAST TOP PICK | 33.620 | Ian Nakamoto | (A Top Pick Aug 3/06. Up 17.4%.) The most shareholder friendly of all companies he follows. Consistently increases their dividends. Dividend of 5% plus. Low PE. Undervalued. | 2007-05-14 | |
| HOLD | 33.810 | Alex Ruus | Would buy it back at the right price. Had a big run recently. Pretty good dividend. | 2007-05-07 | |
| HOLD | 30.410 | Norman Levine | Steel fabrication/warehousing. Very nice dividend. In the near-term, it looks OK. | 2007-04-16 | |
| BUY | 28.950 | Brian Acker, CA | His model price is $43, but he would revise this down to $37.70. Cheap. Not big enough to qualify for his portfolio, but there is value there. | 2007-04-12 | |
| BUY | 28.500 | Bruce Campbell | Cheap at 10 X earnings. 5.8 % yield. Feels there's a 50% chance that it will be taken over in the next 12 months. No net debt. $35 on a takeover. | 2007-04-02 | |
| PAST TOP PICK | 28.340 | Ian Nakamoto | (A Top Pick Aug 3/06. No change.) Nice dividend yield of about 5.75%. Very well run company. Still prices are turning around. Still likes. | 2007-03-29 | |
| HOLD | 27.710 | Ron Meisels | This has been a fantastic stock. The 200-day moving average has followed the stock very well. Is now starting to flatten out. It could be subject to profit taking. Use $25 as your stop loss level. | 2007-03-21 | |
| Comment | 27.400 | Norman Levine | Pays out a high percentage of its earnings in dividends. Has the ability to make more acquisitions. They are in a cyclical business, so if there is a downturn in the economy and a softening in demand for steel products, the dividend may not be secure. | 2007-03-13 | |
| Comment | 27.700 | Ross Healy | Hitting heavy resistance at about 2 X its book value. His FMV is 2.5 to 3 X the current price. | 2007-03-07 | |
| TOP PICK | 27.300 | Bruce Campbell | Fabricator and tubular steel. More cash than debt on the balance sheet. Trades at 10 X earnings. 6% yield. Takeover candidate. | 2007-03-06 | |
| HOLD | 28.060 | Michael Sprung | Good dividend and appears to be relatively safe. Can't see any incentives for buying this today. | 2007-02-20 | |
| HOLD | 27.650 | Robert Floyd | Would look at this as a bit of a trade. Very good dividend. Outlook for the steel industry is mixed. You want to own this one in a bullish economic cycle. Very good operators. | 2007-02-13 | |
| HOLD | 27.800 | Veronika Hirsch | Very attractive dividend yield. One of the better managed companies in Canada. | 2007-02-07 | |
| DON'T BUY | 25.990 | David Baskin | Pays a high dividends because people don't think the earnings are sustainable. Cyclically sensitive. Auto-parts industry is facing difficult times. | 2007-01-10 | |
| DON'T BUY | 26.520 | Norman Levine | Steel warehousing and distributing. Generates a lot of cash. A cyclical business and in an economic turndown they may not be able to pay the big dividend. | 2006-12-20 | |
| DON'T BUY | 26.680 | John Zechner | If you want something beyond the next year or two, this is a good pick. Less cyclical than a lot of the steel businesses. Steel prices are coming down dramatically. Expect the stock will go down in the next year, | 2006-12-12 | |
| HOLD | 28.140 | Michael Sprung | Metal distributor in such material as rebar, etc. Does very well when the building environment is strong. Has been a very good stock and has been on his radar screen but easy money has been made. Very well managed company. | 2006-12-08 | |
| Comment | 28.100 | Ross Healy | His measure of its fair market value potential is huge. Its weakness is that it is pressing against its Price to Book level, which historically has been a difficult hurdle for it. | 2006-12-04 | |
| BUY | 27.970 | Alex Ruus | Where they play in the steel sector makes them a lot less cyclical. Cash flow shows a pretty stable business. Undervalued long-term. Great dividend. | 2006-11-22 | |
| PAST TOP PICK | 27.320 | Peter Hodson | (A Top Pick Nov 3/05. Up 39%.) A well-run company that is paying out a lot of dividends. Their working capital management is great. Inventory turns are spectacular. One of the cheapest stocks on the TSX. | 2006-11-20 | |
| DON'T BUY | 27.900 | Bruce Campbell | 5% yield, which has helped, hold the price up. Timing wise, not the best entry point. | 2006-11-15 | |
| PAST TOP PICK | 28.880 | Ian Nakamoto | (A Top Pick Nov 2/05. Up 50.8%.) The dividend yield of 5.7%. Whenever they have earnings, the return it in the form of dividends. Excellent management. | 2006-11-07 | |
| HOLD | 27.870 | Norman Levine | A great company and very well run. Rather than buying things, it is paying more money out to the shareholders. | 2006-10-31 | |
| SELL | 28.100 | David Baskin | Stock had a tremendous rise last fall and winter. Easy money has been made, and it's time to go away. A cyclical company. | 2006-10-23 | |
| HOLD | 27.250 | Bruce Campbell | Good long-term track record. 5% dividend. There were some signs that flat-rolled prices were not going to collapse as the market had thought so the price has moved up and it is fully valued. | 2006-10-05 | |
| TOP PICK | 27.570 | Ian Nakamoto | (A Top Pick Nov 2/05. Up 43.1%.) Looking for dividend increase in the 4th quarter. Dividend yield of 5.7%. | 2006-09-11 | |
| BUY | 27.850 | Bruce Campbell | This one is really a service centre and pays around a 5% yield. There are not as exposed to a drop in prices on hot rolled steel. | 2006-08-25 | |
| DON'T BUY | 28.650 | Ross Healy | Terrific potential, but the stock isn't cheap. If we are going into a recession, he doesn't want to be in a cyclical stock. Company's very well run and has a good balance sheet. | 2006-08-03 | |
| TOP PICK | 28.650 | Ian Nakamoto | (A Top Pick Jan 31/06. Up 48.4%.) Have a lot of free cash flow. Continues to increase dividends. | 2006-08-03 | |
| HOLD | 27.900 | Robert Floyd | Increased their dividend to $.40. They trade steel and sell tubular goods. They have a variety of operations. Sales of tubular goods remain strong. Selling into the drilling of oil/gas. | 2006-08-02 | |
| SELL | 27.990 | John Zechner | Steel market has done really well this year. This company pays a great dividend. A little more insulated from the cycle than some of their competition. Decent dividend yield. If you own, consider taking some profit. | 2006-07-31 | |
| WEAK BUY | 25.370 | David Baskin | Prefers Ipsco (IPS-T). This one has less value added and probably a little more volatile. Cheaper on fundamentals, but for a reason. | 2006-07-27 | |
| BUY | 25.150 | Fred Pynn | A distributor of steel products. Excellent management. Long-term track record shows they are always profitable. Have been able to make accretive acquisitions. Yield is approximately 6%. | 2006-07-26 | |
| HOLD | 25.990 | Norman Levine | Biggest steel distributor/fabricators in Canada. Throws off tons of cash and have a great dividend which they continue to increase. As long as the economy does well, he would keep this. | 2006-07-11 | |
| HOLD | 23.850 | John Zechner | A little worried about cyclical stocks in general if the economy slows down. A great cash generator. Good valuation. Likes the stock and the company. | 2006-06-07 | |
| DON'T BUY | 25.400 | Robert Floyd | Fabulously run company. Increased their dividend a couple of quarters ago so it tends to be a dividend play now. Finds it a little rich at this point. | 2006-05-16 | |
| VAGUE | 25.750 | Robert Floyd | It's getting close to fully valued. The market is very well balanced as far as imports. This is a cyclical stock. Should sell at some point. | 2006-02-27 | |
| TOP PICK | 24.920 | Ian Nakamoto | Has a high dividend yield of approximately 4%. They will likely increase the dividend in the next year. Very shareholder friendly. A leader in their industry. Low P/E. Selling at about 8 X Price/Earnings ratio which gives a lot of downside protection. | 2006-01-31 | |
| TOP PICK | 22.500 | Bill MacLachlan | Feels that steel has legs, particularly a company like this that is in distribution and well diversified in all sectors. No debt. A dividend of close to 5%. | 2006-01-10 | |
| DON'T BUY | 22.000 | David Baskin | Low P/E and high yield because it is a cyclical industry. Stark did much better than he expected over the last year. Looks a little expensive now. | 2006-01-04 | |
| BUY | 21.940 | Gavin Graham | Really good management. Good return on equity. Had an enormous jump in profits last year. | 2005-12-29 | |
| BUY | 21.780 | Ron Meisels | Had a significant move around June/05 at $14 and ran up to $22. There is no top formation so it is likely there are higher targets to come. Keep an eye on $20 which would be a danger signal. | 2005-12-15 | |
| DON'T BUY | 22.570 | Peter Gibson | Wouldn’t go after this one right now. Has very high profitability, but there’s deterioration in that profitability and it seems to be coming from operating sources. | 2005-12-09 | |
| TOP PICK | 19.700 | Peter Hodson | They've raised the dividend 4 or 5 times in the last 18 months. Very cheap at 6 X forward earnings. Generates cash. What he really likes is that in a down cycle, they generate more cash. | 2005-11-03 | |
| TOP PICK | 19.300 | Ian Nakamoto | A very cheap stock at around 7 X trailing earnings, 9 X forcast earnings. Dividend yield of over 5%. As a value investor, this is very inexpensive and pays you while you wait. | 2005-11-02 | |
| WEAK BUY | 18.190 | Bruce Campbell | Not a bad place to be if you want cyclical exposure because you get 5% yield. Doesn't have as much exposure to the commodity as other steel companies, so a much safer place to be. As you get nearer the end of the cycle, There's less attraction for it. Prefers Algoma (AGA-T). | 2005-10-12 | |
| HOLD | 18.340 | Michael Sprung | Involved in service centres, the energy market (tubular steel) and distribution. Have had a great year. Expects it will continue, but appreciation on the stock has gone up from $11/12 to above $18. Doesn't think there's a whole lot more left in it, but probably a few dollars. If you own, consider taking some profit. | 2005-10-11 | |
| DON'T BUY | 18.750 | Jean-Francois Tardif | Basically at its high yet its first 6 months results were down substantially. Always sceptical of this scenario. Made a lot of money when the price of steel was high, but don't think they will be able to make it any more. | 2005-09-21 | |
| WEAK BUY | 16.060 | Gordon Higgins, CA, MBA, CFA | Had some nice inventory gains as metal prices were going up. Very low P/E around 8 X's. Because of the extra dividends they paid out, the yield is one of the highest on the TSX. A cyclical stock, so a slowdown will affect them. Be cautious. | 2005-08-11 | |
| BUY | 16.550 | Veronika Hirsch | Loves this stock. It's the only steel stock that she did not sell. Has a fabulous yield. Incredibly good management. | 2005-07-27 | |
| DON'T BUY | 14.300 | Jean-Francois Tardif | Stock has done tremendously well, but there are different reasons why. The acquisition of the Montreal company has synergies. The trend in steel has reversed. You could see them losing money on inventories because the steel market is not as busy. Money has already been made and it is probably too late now. | 2005-07-18 | |
| SELL | 14.650 | David Baskin | All the steel companies had a tremendous run and then steel prices started to drop. Looks like a cheap stock, but the earnings are very volatile. | 2005-07-11 | |
| DON'T BUY | 13.900 | John Zechner | Have been hurt by the downturn in steel. Still generating earnings. Feels the steel cycle will be over for awhile. | 2005-07-04 | |
| DON'T BUY | 15.010 | Norman Levine | P/E of 3.9 and a yield of 5.5%. Very well run. Earnings record has been very good. A cyclical company in a cyclical business and steel stocks have been under pressure lately. Steel pricing has been coming down due to overcapacity around the world. | 2005-06-06 | |
| BUY | 13.690 | Bill MacLachlan | Likes this company. Has had tremendous growth. Have done very well on the distribution side. Good dividend. A cyclical industry. Can see double digit returns over the next year. | 2005-05-17 | |
| WEAK BUY | 14.530 | Brian Acker, CA | Doesn't think that with a lot of the cyclicals, you are going to get a valuation increase any more. The current level is more reasonable. If you take their earnings and put them on the balance sheet and look out a year, it'll be worth about $17. You would have to hold it through a pretty volatile period. | 2005-05-05 | |
| DON'T BUY | 14.530 | John Zechner | Generating good earnings, but is worried that steel prices are in the process of coming down. Auto sector could be rolling over as well as steel coming in from China. Earnings are coming down and this could continue for a year or two. | 2005-05-05 | |
| BUY | 15.000 | Mark Jackson, CFA | Getting attractively priced. 5% + dividend. Looking at a fairly good return. Well run. | 2005-04-13 | |
| DON'T BUY | 15.740 | David Burrows | The steel stocks as a group have reversed down on his quantitative models which tells him that the risk level is rising. There is risk in this area. For now, they are into consolidations, seasonally these companies can have a consolidation through the summer. Could trade sideways or drop further. | 2005-04-12 | |
| BUY | 16.640 | Bruce Campbell | Low P/E, but market puts a low P/E on what it considers cyclical. This company is a fabricator and pays a nice 5% dividend. A little bit undervalued. Not a bad entry point. | 2005-03-24 | |
| TOP PICK | 16.180 | Werner Muehelemann | Valuation is extremely cheap at 8 X earnings. Yield of 5%. The best company in the steel sector. Even if steel production drops, they will continue to be profitable. Also feels that earnings are too low. | 2005-03-23 | |
| VAGUE | 16.640 | Jean-Francois Tardif | Rising steel market has helped. | 2005-03-18 | |
| BUY | 16.900 | Ron Meisels | Has done very well in the last year without being subject to any serious profit taking. Right now it's in a bit of a horizontal trading range of $17/18.50 which may lead to some more profit taking. Use a mental stop of $16.50 that if it reaches that, it might even reach $14. | 2005-03-17 | |
| BUY | 17.350 | Norman Levine | Not a producer, but a warehouser and fabricater for end users. Input costs are not an issue as they pass these along. Their big issue is demand and how much value added can they do to get extra margins. Demand for steel is very strong and profits are doing well. Cyclical. | 2005-03-16 | |
| BUY | 17.550 | Norman Levine | Being part of the steel cycle has been extremely positive for them. Well run. Conservatively run company. Good balance sheet. Good dividend yield. | 2005-02-23 | |
Experts that have talked about Russel Metals
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