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

2017-06-16

Opinion for Russel Metals (RUS-T)

Signal Price Bias Subject Owned
TOP PICK $25.070 BULLISH CANADIAN DIVIDEND & DEFENSIVE STRATEGIES Yes

This is part of infrastructure and energy recovering. Q1 EPS beat by 30%. He is fairly bullish on steel prices. They have a competitive advantage being Canada’s largest distributor. He models earning recovering by 55%. They also have a pretty good balance sheet. Dividend yield of 6.1%. (Analysts’ price target is $31.)

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management

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