Topic: How To Invest

Stock Pickers Digest Hotline – Friday, February 23, 2018

Article Excerpt

RUSSEL METALS INC., $30.85, symbol RUS on Toronto, is one of North America’s largest metal distributors, serving 28,000 clients at 51 locations in Canada and 12 others in the U.S. Russel has just acquired DuBose Steel for an undisclosed amount. DuBose is a structural steel service operation with processing capabilities. From its facilities in Roseboro and Fayetteville, North Carolina, it serves customers along the U.S. East Coast, including the southeast. Total revenue for DuBose over the last year was roughly $85 million. That’s small in comparison to Russel’s annual sales of over $3.3 billion. But DuBose will add immediately to profits and lets Russel expand further into the U.S. market. OUR RECOMMENDATION: Russel Metals is a buy. Russel Metals recent coverage March 2018 issue December 2017 issue LEON’S FURNITURE LTD., $18.19, symbol LNF on Toronto, has steadily increased the number of stores under its Leon’s banner from 27 in 2003 to today’s 86. In March 2013, the company nearly quadrupled in size with the $700 million…