Long-time readers know that we keep you informed of important news about the stocks we cover. That means highlighting developments and plans that promise to brighten prospects for their investors. Here are two buys that stand out this month:
RUSSEL METALS, $35.50, is a buy. The company (Toronto symbol RUS; TSINetwork Rating: Extra Risk) (www.russelmetals.com; Shares outstanding: 62.7 million; Market cap: $2.2 billion; Dividend yield: 4.3%) is one of North America’s largest metal distributors: the company (symbol RUS on Toronto) serves 33,000 clients at 48 locations in Canada and 16 others in the U.S.
Russel’s revenue in the three months ended September 30, 2021, jumped 80.2%, to $1.11 billion from $614.9 million a year earlier. That reflects the improving economy and higher oil prices. (Russel supplies pipes to oil and gas drillers.) Excluding one-time items, the company earned $132 million, or $2.10 a share. That was up sharply from $18.0 million, or $0.29.
The company’s balance sheet is sound. As of September 30, 2021, Russel held…
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Changes to this Policy
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Legal Notices and Disclaimers
The contents of this web site and our publications are based upon sources of information believed to be reliable, but no warranty or representation, expressed or implied, is given as to their accuracy or completeness. Any opinion reflects the Successful Investor’s judgment at the date of publication and neither the Successful Investor, nor any of its affiliated companies, nor any of their officers, directors or employees, accepts any responsibility in respect of the information or recommendations contained in the publications or on this web site. Moreover, the information or recommendations are subject to change without notice.
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