David Halcrow - Russel Metals President

RUS Stock  CAD 44.76  0.96  2.19%   

President

Mr. David J. Halcrow serves as Vice President Purchasing and Inventory Management of the Company. Mr. Halcrow joined Russel Metals in 2001 as Vice President, Purchasing and Inventory Management. He is responsible for overseeing the purchasing activities of Russel Metals Canadian and US metal service centers that buy in excess of 1 million tons of carbon steel products annually as well as aluminum and other nonferrous metals since 2001.
Tenure 23 years
Professional MarksMBA
Address 6600 Financial Drive, Mississauga, ON, Canada, L5N 7J6
Phone905 819 7777
Webhttps://www.russelmetals.com
Halcrow joined the steel industry in 1985. He worked 5 years as an engineer designing and maintaining process automation computer software at Dofasco Inc. After acquiring his MBA degree in 1988, Mr. Halcrow joined Dofasco’s Purchasing department. He held a variety of positions during his tenure with Dofasco, which positions included responsibility for the procurement of various commodities.

Russel Metals Management Efficiency

The company has return on total asset (ROA) of 0.0596 % which means that it generated a profit of $0.0596 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1111 %, meaning that it generated $0.1111 on every $100 dollars invested by stockholders. Russel Metals' management efficiency ratios could be used to measure how well Russel Metals manages its routine affairs as well as how well it operates its assets and liabilities. As of the 27th of November 2024, Return On Tangible Assets is likely to grow to 0.11. Also, Return On Capital Employed is likely to grow to 0.28. At this time, Russel Metals' Other Assets are very stable compared to the past year. As of the 27th of November 2024, Return On Tangible Assets is likely to grow to 0.11, while Total Assets are likely to drop about 1.5 B.
Russel Metals has accumulated 422.5 M in total debt with debt to equity ratio (D/E) of 0.6, which is about average as compared to similar companies. Russel Metals has a current ratio of 4.25, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Russel Metals until it has trouble settling it off, either with new capital or with free cash flow. So, Russel Metals' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Russel Metals sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Russel to invest in growth at high rates of return. When we think about Russel Metals' use of debt, we should always consider it together with cash and equity.

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Russel Metals Inc., a metals distribution company, distributes steel and other metal products in North America. Russel Metals Inc. was incorporated in 1929 and is headquartered in Mississauga, Canada. RUSSEL METALS operates under Industrial Distribution classification in Canada and is traded on Toronto Stock Exchange. It employs 3400 people. Russel Metals (RUS) is traded on Toronto Exchange in Canada and employs 3,500 people. Russel Metals is listed under Trading Companies & Distributors category by Fama And French industry classification.

Management Performance

Russel Metals Leadership Team

Elected by the shareholders, the Russel Metals' board of directors comprises two types of representatives: Russel Metals inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Russel. The board's role is to monitor Russel Metals' management team and ensure that shareholders' interests are well served. Russel Metals' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Russel Metals' outside directors are responsible for providing unbiased perspectives on the board's policies.
James Dinning, Independent Chairman of the Board
John Tulloch, Independent Director
Ryan MacDermid, Vice President - Risk Management and Legal
Sherri McKelvey, Assistant Sec
Dan Bailey, Director Operations
Alain Benedetti, Independent Director
Catherine Milne, Human President
Marion Britton, Chief Financial Officer, Executive Vice President, Secretary
Lesley Coleman, Vice President Controller, Assistant Secretary
John Clark, Independent Director
William OReilly, Independent Director
David Halcrow, Vice President - Purchasing and Inventory Management
John Reid, President, Chief Executive Officer, Director
John Maclean, Vice President - Canadian Service Center Operations
Roger Paiva, Director
Daniel Bailey, Director Operations
Barbara Jeremiah, Independent Director
Annie Thabet, Independent Director
Alice Laberge, Independent Director
Brian Hedges, President CEO, Director
Maureen Kelly, Vice President - Information Systems

Russel Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Russel Metals a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Russel Metals

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Russel Metals position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Russel Metals will appreciate offsetting losses from the drop in the long position's value.

Moving together with Russel Stock

  0.66JPM JPMorgan ChasePairCorr
  0.78BOFA Bank of AmericaPairCorr
The ability to find closely correlated positions to Russel Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Russel Metals when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Russel Metals - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Russel Metals to buy it.
The correlation of Russel Metals is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Russel Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Russel Metals moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Russel Metals can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Russel Stock

Russel Metals financial ratios help investors to determine whether Russel Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Russel with respect to the benefits of owning Russel Metals security.