2023-03-20 01:05:31 ET
Summary
- Remember my initial position/piece on RS? I went positive back in October, bought a small stake, and the results have been more or less as expected.
- The company has outperformed the S&P 500 by a factor of at least 4x and might be poised to deliver decent growth from here. However, given the current macro, I'm cautious.
- Any company that has delivered massive outperformance in the last 6 months gets put under a microscope by me.
- Here is my updated thesis for RS stock for the next year.
For further details see:
You May No Longer Rely On Reliance Steel & Aluminum