Stock Pickers Digest, in the August, 2016, issue, refreshes its buy of Russel Metals Inc., recently $23.00. Stock Pickers said buy 18 times from April, 2003, to March, 2016, at prices ranging from $5.25 to $33.17. Assuming a $1,000 investment for each of the 18 buys, the $18,000 position is now worth $25,484. Russel is one of the largest metal distributors in North America, with 39,000 customers at 53 Canadian locations and 12 U.S. ones. In the quarter ended March 31, 2016, Russel earned $7.8-million or 13 cents a share, down sharply from $18.5-million or 30 cents a share a year earlier. Sales fell to $662.1-million from $903.9-million. The company suffered from low steel prices, which took a toll on profit margins and the value of inventory. As well, low oil and gas prices weighed on revenue from the energy products division, which supplies pipes to drillers. Stock Pickers sees Russel as a good candidate to rally alongside commodity prices. The company holds $140.7-million or $2.28 a share in cash, and its long-term debt of $295.4-million is a reasonable 20 per cent of market cap. Its dividend, which it views as sustainable throughout 2016, yields 6.6 per cent. Buy.