After five months of tracking my 2008 picks, it is rewarding to finally have a breakthrough -- topping the three major stock indices and Berkshire Hathaway (NYSE: BRK.B) too. It has been painful to have to report each month that I was being bested. However, since I have not seen anything contradicting m
Readers of this space know that the investment bias is toward large-cap companies with demonstrated business models and who have a competitive advantage in established markets, preferably with a favorable global trend as a support. And with the above in mind, Reliance Steel is worth an evaluation.
First, don't think of Reliance Steel & Aluminum (NYSE: RS) as a steel company; think of it as a 'diversified' metal processing services company.
Reliance supplies metal process services and also manufactures metal products for the construc...
TheStreet.com's Jim Cramer says U.S. Steel is a puzzle, and he ponders how to play it here.
U.S. Steel (NYSE: X) (Cramer's Take) presents the ultimate conundrum. It is hitting on all cylinders, courtesy of the incredible demand for steel domestically because of pipelines. And it is finally not suffering from dumped imports, because the dumpers are from countries growing so much faster than we are that they need all the steel they can get - China, for examp...
Reliance Steel & Aluminum Co. operates metals service centers in the United States and internationally. It provides metals processing services and distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, titanium, stainless steel, and specialty steel products to fabricators, manufacturers, and other end users. The company's metals processing services include bar turning, bending, blanking, deburring, electropolishing, fabricating, forming, grinding, leveling, machining, oscillate slitting, pipe threading, and polishing. It also offe...
shares added 10% after the company reported first-quarter earnings of $111.7 million, or $1.46 a share, up from a year-ago profit of $71.9 million, or $1.07 a share. Sales jumped 86% in the three-month period to $1.84 billion from $988 million a year earlier. The latest results include a pre-tax LIFO (last in, first out) expense of $18.8 million, or 15 cents a share, as part of cost of sales. The average estimate of analysts polled by Thomson Financial was for a profit of $1.32 a share in the March period on revenue of $1.7 billion. Looking ahead, the Los Angeles-based company said it expec...
BUY: Reliance Steel & Aluminum (Public, NYSE: RS) $44.75 (3/8/07) Sell price: $45.99 or Sell date: April 8, 2007Stop loss: $42.91 (-4.1%) Strong bullish 3 day chart pattern with Average 3 day accumulation.Strong bullish 1 day moneyflowMACD very bullishStoch analysis bullish Profile: Reliance Steel & Aluminum Co. is a [...]
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About Reliance Steel & Aluminum Co
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After five months of tracking my 2008 picks, it is rewarding to finally have a breakthrough -- topping the three major stock indices and 
This month saw great improvement after last month's disaster. Having to conclude my findings on a specific month end day, or any day,
