Reliance Steel & Aluminum (NYSE:RS)

CAPS Rating: 4 out of 5

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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Member Avatar scrubs62074 (88.69) Submitted: 2/8/2013 8:49:24 AM : Outperform Start Price: $67.96 RS Score: -20.09

High volume breakout on 2/7/13

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Member Avatar roweaf (< 20) Submitted: 12/30/2011 12:12:49 PM : Outperform Start Price: $46.36 RS Score: +3.30

Great managers who grow the business through timely acquisitions.

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Member Avatar GUOCHONGHUA (61.89) Submitted: 7/7/2011 6:47:45 AM : Outperform Start Price: $46.98 RS Score: +11.28

Intrinsic:$28.63

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Member Avatar Laice1 (< 20) Submitted: 6/7/2011 7:53:14 AM : Outperform Start Price: $44.69 RS Score: +13.13

Getting Cheaper by the month, value play and banking on growth story to be back on track in the 3rd or 4th Qtr. Pays a small, divi, been paying for the past 51 years. Target price early 60s.

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Member Avatar bgruzicka (68.12) Submitted: 4/2/2010 3:57:30 AM : Outperform Start Price: $17.91 RS Score: +176.38

RS has not been as affected by the recession as other steel companies like US Steel. With a strong exposure to asia expect them to grow sooner rather than later.

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Member Avatar StorminND (< 20) Submitted: 6/1/2009 10:53:04 AM : Outperform Start Price: $36.34 RS Score: -6.21

The business has consistently performed for the last 10 years, discounting the Democrat market crash. The company has a narrow moat, and has growth rates in sales, EPS, BVPS, FCF and ROIC greater than 10% for the last 10 years. (looking at 10, 5, 3 & 1 year data). Not to mention the steady performance over the last 6 months.

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Member Avatar kurzzz (74.05) Submitted: 1/30/2009 9:21:20 AM : Outperform Start Price: $21.38 RS Score: +104.50

Upgraded to buy

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Member Avatar WNYBarry (< 20) Submitted: 1/20/2009 4:00:47 PM : Underperform Start Price: $17.58 RS Score: -167.09

I used to be employed by this company at one of it's subsidiaries, and considering the recent economy of the market, and their industry, coupled with the poor acquisitions of companies too close to currently owned companies, they are headed for distaster. Because the competition starts being within three companies owned by Reliance. All they are doing is cutting their own margins, and they refuse to subsidize their current companies to decrease the competitive nature in which the steel industry operates in. For instance, they own 3 companies (Phoenix Metals, Chatham Steel, and Infra-Metals) all which supply the entire state with hot rolled / carbon steel. Eventually they will run each company out of business.

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Member Avatar TalkingRock (< 20) Submitted: 10/10/2008 11:53:46 AM : Outperform Start Price: $19.88 RS Score: +128.37

The Industry leader in metals distribution. Well diversified product mix and geographic coverage. Strong, proven leadership.

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Member Avatar APIri (51.68) Submitted: 8/25/2008 6:52:34 AM : Outperform Start Price: $52.02 RS Score: -14.49

score = 80

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Member Avatar walkersc (< 20) Submitted: 7/30/2008 2:16:20 PM : Outperform Start Price: $59.19 RS Score: -33.31

Steel is in high demand.

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Member Avatar BraGama (< 20) Submitted: 7/24/2008 9:53:20 PM : Outperform Start Price: $56.40 RS Score: -28.51

Commodities are back

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Member Avatar tjwb71 (< 20) Submitted: 7/7/2008 5:41:26 PM : Outperform Start Price: $63.90 RS Score: -43.69

I work for this company and the stock continues to make money. Reliance has purchased many regional players in the market and incorporated them under a more efficient umbrella of distribution. There will be some volatility with this stock as the demand for steel here in US has dropped over the past month or so.. However,, its strong management and low margins should continue to make this stock a great investment over the long term.

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Member Avatar JMfrGeleen (< 20) Submitted: 6/29/2008 5:49:53 PM : Outperform Start Price: $65.80 RS Score: -38.60

1/7/08 1year price target $ 84

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Member Avatar RonChapmanJr (96.84) Submitted: 6/21/2008 7:07:46 PM : Outperform Start Price: $65.80 RS Score: -38.60

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."

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Member Avatar thehansens05 (86.80) Submitted: 6/19/2008 10:48:54 AM : Outperform Start Price: $67.40 RS Score: -39.36

I like steel

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Member Avatar binv271828 (< 20) Submitted: 6/7/2008 1:06:40 PM : Outperform Start Price: $61.37 RS Score: -20.66

Reliance Steel and Aluminum – Not only is this steel manufacturer, but they manufacture aluminum, brass, copper, and titanium. All of these are necessary materials for growing economies. They operate in more than 180 locations in 37 states, Belgium, Canada, China, South Korea and the United Kingdom.

Global steel demand continues to be strong. More so in emerging markets. There is still demand for building infrastructure and building industry. Steel prices have been rising steadily.

From: http://www.forbes.com/afxnewslimited/feeds/afx/2008/05/23/afx5043937.html
“… apparent steel use in China rose 13 per cent to 408 million tonnes in 2007. India saw an 11.3 percent increase to 51 mln tonnes, while in Russia steel use grew 13.5 percent to almost 40 million tonnes and in Brazil demand rose 18.6 percent to 22 million tonnes. The Middle East and Africa are also experiencing very strong demand growth …”

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Member Avatar JosephStalin (66.25) Submitted: 5/16/2008 3:08:12 AM : Outperform Start Price: $62.02 RS Score: -21.89

Reliance Steel & Aluminum is a great stock to own right now.

My understanding of their business model is that they take raw materials and reforge them into usable products such as plates, pipes, or what have you. We know prices have been rather aggressive, but they are able to pass these prices onto their customers and expand their gross margins.

RS has global exposure and is looking to grow. They currently do business in Europe, South Korea, and many other places around the world. The weak dollar will benefit the business they do here.

They have acquired several smaller companies and are constantly on the look for new M&A activity.

They are also flush with cash and are using it to pay out dividend and buy back stock, which is good for us.

Some random bullish facts:

- CEO David Hannah seems to have his head on straight and holds a significant stake in the company. There is a lot of insider buying and selling in this stock (don't let the insider selling scare you -- the stock had a run and some folks are taking profits).

- Institutional ownership is modest, but does include Goldman Sachs -- the guys you always want on your team.

- The company's primary business is in areas that are HOT growth sectors right now: aerospace (defense and military), energy, electronics, WIND TOWERS (for you cleantech fans), barge and ship building, rail cars, agricultural equipment, other heavy equipment, and infrastructure. Their exposure to dead areas in the economy like residential construction and auto parts is minimal.

- Some of these metrics look pretty sexy:

P/E = 12.63.
F P/E = 10.80
P/S = 00.66
PEG = 00.90

Basic materials are hot right now, not the least of which is steel. I like the very conservative guidance this company gives -- I'm pretty confident they will beat earnings in the next quarter.

Some of the real ramp-up in carbon steel prices didn't factor in to the previous quarter, so expect sales on those extra expensive steel products to produce an impressive quarter.

All the growth sectors at the moment and in the future -- energy, oil, gas, shipping, aerospace, and the cleantech revolution brought on by wind power -- will all require steel that RS can give to them.

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Member Avatar RetireFree (< 20) Submitted: 5/4/2008 10:46:38 PM : Outperform Start Price: $55.29 RS Score: -9.76

Steel and aluminum is this what makes this company tick and continued strong demand for these products along with the comapnay being able to contain rising costs will continue to work in the favor of RS.

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Member Avatar LuckeyDuckey (< 20) Submitted: 4/15/2008 5:55:19 PM : Outperform Start Price: $54.63 RS Score: -13.99

As the price of lumber keeps going up more and more building is being done with steel.

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