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6 pts

Opinion on  Reliance Steel & Aluminum Co (RS)     Sector: Basic Materials  >  Industry: Misc. Fabricated Products
RS

Jul 04, 2007 05:18 AM GMT
Canada
Return Risk
-12.76% HIGH
Sr. Analyst

RS

Update 07/12:

Jul 03, 2007 (BUSINESS WIRE) -- Reliance Steel & Aluminum Co. ( RS ) announced today that it has completed its purchase of the previously announced acquisition of the outstanding capital stock of Clayton Metals, Inc., headquartered in Wood Dale, Illinois. Terms were not disclosed. Clayton Metals was founded in 1976 and specializes primarily in the processing and distribution of aluminum, stainless steel and red metal flat-rolled products, custom extrusions and aluminum circles through its metals service center locations in Wood Dale, IL; Cerritos, CA; High Point, NC and Parsippany, NJ.


RS:  This call was made on 07/04/07 @ $57.5
Rating:   Positive   $57.5 (07/04/07)
Closed:   08/03/2007 @ $49.7 (-13.57% in 30 days)
Target:   $61.00 (+6.09%) in One month


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