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Metals USA Holdings Corp. Message Board

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  • frankndodd frankndodd Jul 19, 2010 10:07 PM Flag

    Anyone here?

    There is only 1 Steel Distributor to invest in and that is Reliance Steel (RS). They have been a leader in earnings in the industry for some time now and stock has been split years back. MUSA is a decent company but they took a hit from their original IPO stock price. At least they turned a profit in 2009. When Ryerson becomes an IPO, stay FAR, FAR AWAY. They had lost $190 Million in 2009 while the rest of the industry made $$. They continue to be top heavy in management and there are so many Ex-Ryerson employees working for competitors that know their customers, they can only offer price to hold onto market share. Haven't seen any other company that would have Field Sales Reps with ZERO experience and put them in the field. They are destined to fail BIG.

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