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Compiling comments that experts make about stocks while on public TV.

2017-03-24

Opinion for Russel Metals (RUS-T)

Signal Price Bias Subject Owned
BUY $26.290 BULLISH on DIVIDEND STOCKS CANADIAN DIVIDEND & DEFENSIVE STRATEGIES Unknown

You can be buying now or on a pull back.  There are strong tailwinds from steel prices and infrastructure spending as well as a strong balance sheet.  They acquired small companies.  It is expensive, however.  It is cheap on a price to cash flow relative to its 5 year.  It has a high dividend.  The payout ratio is 102%, but he models it going down next year.  Their energy segment is about 35% of their business and is the wild card.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management

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