Reliance Steel & Aluminum (NYSE:RS)
CAPS Rating:
The Company provides metal processing services and distributes a full line of a number of metal products, including alloy, aluminum, brass, copper, carbon steel, titanium, stainless steel and specialty steel products, to a range of industries.
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CAPS is now my place to test stocks for my newsletter.
I like investing in good companies that fit into a macro economic/societal trend I see currently occuring or coming.
So on the macro level I think steel and other metals still have room to run.
On the specific company I like the following information about the company: "One of the Company's subsidiaries has an international location in South Korea that serves the Asian semiconductor markets. Another subsidiary opened a metals service center in Belgium in January 2003 to service the European aerospace market. On March 1, 2006, the Company 70%- owned joint venture company, based in Singapore, acquired a metals service center company in China that mainly serves the electronics industry in China."