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Reliance Steel & Aluminum Co. Message Board

  • Fred_phil Fred_phil May 11, 2007 11:56 AM Flag

    Why is stock dropping?

    11:55am stock dropping under $62. What gives?

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    • May 15, 2007

      Zacks Buy List Highlights: Mobile Mini, Inc., Reliance Steel & Aluminum Co., Companhia Vale do Rio Doce and Merrill Lynch & Co., Inc.

      CHICAGO--(BUSINESS WIRE) releases the latest list of Zacks Rank Buy Stocks. Everyday on, four stocks are selected based on how well they match the criteria for the four main schools of investing: Aggressive Growth, Growth & Income, Momentum and Value. The four Zacks Rank Buy stocks highlighted today are Mobile Mini, Inc. (Nasdaq: MINI), Reliance Steel & Aluminum Co. (NYSE: RS), Companhia Vale do Rio Doce (NYSE: RIO), and Merrill Lynch & Co., Inc. (NYSE: MER).

      Growth & Income � Reliance Steel & Aluminum Co. (NYSE: RS)

      Reliance Steel & Aluminum Co., a Zacks #1 Rank stock, exceeded analysts� earnings expectations in 15 out of the past 16 quarters. Consensus estimates for both this year and next have risen by a considerable margin over the past month.

    • More sellers than buyers.

      Why are they selling? What are they buying with the proceeds, that looks better than RS?

      The market for tonnage appears to have flattened, margins are ebbing, pricing is stabilising, and that raises questions about why one should pay a high p/e in anticipation of low growth prospects.

      I might sell, but haven't found anything better to do with the money.

76.33-0.03(-0.04%)Jul 22 4:01 PMEDT