Russel pursues new rigs

RUSSEL METALS $21.79 (Toronto symbol RUS; TSINetwork Rating: Extra Risk) (905-819-7777; www.russelmetals.com; Shares outstanding: 62.1 million; Market cap: $1.4 billion; Dividend yield: 7.0%) has now agreed to buy City Pipe & Supply Corp. for roughly $160 million.
City Pipe is an industry leader in supplying… Read More

Russel Metals offers investors a 7.6% yield

Russel Metals offers investors a 7.6% yield

Shareholders of this metal distributor continue to benefit from its rising sales on both sides of the U.S.-Canada border. That regional diversity helped lift overall revenue by 11% in the most-recent quarter as selling prices in both markets improved.

Given the company’s unique business model,… Read More

Rising steel spurs Russel

RUSSEL METALS $23.24 (Toronto symbol RUS; TSINetwork Rating: Extra Risk) (905-819-7777; www.russelmetals.com; Shares o/s: 62.1 million; Market cap: $1.4 billion; Divd. yield: 6.5%) is one of North America’s largest metal distributors. It serves over 29,000 clients at 51 locations in Canada and 12 in the U.S.
In the three… Read More