Worthington Industries, Inc.

  • Big Steel Merger Coming Up

    By Mike Thiessen - March 25, 2013 | Tickers: AA, MUSA, RS, WOR

    Over the past few weeks, the long-anticipated merger between Reliance Steel & Aluminum (NYSE: RS) and Metals USA (NYSE: MUSA) has taken several important steps forward. First announced in early February, the merger values Metals USA at around $1.2 billion and offers considerable value for the company's shareholders and employees. From Reliance Steel's standpoint, it also has the potential to create exciting synergies that may ultimately reduce its more »

  • Have We Seen The Bottom in the Steel Industry?

    By Masam Abbas - January 10, 2013 | Tickers: AKS, MUSA, NUE, ZEUS, RS, STLD, X, WOR

    The steel sector has lately been a hot topic amongst the traders. This was not the case a couple of weeks ago. People had lost interest in this sector, given the fact that it was running on massive overcapacity. Therefore, investors had heavily shorted the players in the steel industry. However, some experts believe that bullish catalysts for this industry are on the horizon. This has generated some genuine interest more »

  • And The Band Plays On

    By Eric Fox - October 4, 2012 | Tickers: CHK, GPOR, PDCE, REXX, WOR

    Exploration and production companies are flocking to the Utica Shale as they look to find emerging plays that produce crude oil and other liquids.  Several of these operators have provided updates on recent activity in this play and investors should expect more news to emerge during the upcoming third quarter earnings season.  

    First Ohio Well

    Rex Energy (NASDAQ: REXX) has 72,200 net acres prospective for the Utica Shale spread more »

  • Steel Industries Present Competition and Opportunities

    By tarun bachhawat - October 2, 2012 | Tickers: AKS, ROCK, WOR

    Worthington Industries (NYSE: WOR) reported its fiscal 2013 first quarter ended August 31, 2012 results with sales up by 11%. The company operates mainly in United States, Canada, Europe, and other places internationally. The company is into metal processing focusing mainly on steel and manufactured metal products.

    The company has broadened its horizon with a series of acquisitions over the past few years. The annual sales have improved over the more »

  • This Small Cap Steel Company Will Continue to Improve Profitability Via Acquisitions

    By Ankit Agrawal - September 24, 2012 | Tickers: CMC, STLD, SXC, WOR

    Worthington Industries’ (NYSE: WOR) robust performance and continued successful efforts at improving and growing its business strengthen my optimism on the shares. Worthington has been one of the most active companies in steel space through the downturn acquiring new businesses and divesting underperforming ones, implementing a strategic restructuring of its core Steel Processing business and buying back a substantial amount of its shares. I expect these efforts to continue looking more »

  • Why Does Chuck Royce Love Reliance Steel & Aluminum?

    By Meena Krishnamsetty - August 31, 2012 | Tickers: ATI, PCP, RS, WOR

    Large investment fund Royce & Associates, managed by Chuck Royce, recently filed its 13F for the second quarter of 2012 and reported that its fourth largest position was $4 billion market cap metal fabricator Reliance Steel & Aluminum (NYSE: RS). The fund’s 6.2 million shares was slightly down from the end of March but the fund has been a major investor for over a year and have shared in the more »

  • Short Sellers Are Having a Field Day With This Steel 6-Pack

    By Soroush Pour - July 17, 2012 | Tickers: GGB, NUE, PKX, SMS, TX, WOR

    In our current market environment, sentiment can seemingly change on a whim, so it’s crucial that investors consider a stock’s short interest before buying.  Typically, an increased amount of shorting means that the Street has grown less fond of a particular stock, meaning that you might want to adjust your expectations accordingly. In some cases, overselling can sometimes have a positive effect on a stock’s price, so more »