It looks like RS is down 4 for the day. I certainly don't have the answers as to why the 25% drop in value. The price of steel has dropped significantly and probably has impacted revenue.
It appears that quite a few stocks of similar size to RS are down 15-20% from their price highs. RS is considered a fairly small company. The daily trading volume of this stock is very low. Unfortunately, there are not many investors looking to buy or sell this stock (notice the interest on this thread). When the bottom falls out of the overall market, companies like RS get hit the hardest.
It has been said the safest stocks to invest in are companies like GE,KO,T,IBM,... The Blue Chips! Much less volatile!! Much lower risk!!! Also, information is much more plentiful regarding what these companies are up to!!!!
I'm just as frustrated with this stock as anybody. I suppose I should stick to investing in the above mentioned. I'll probably sleep better!!!!!