Jim Cramer on Reliance, Inc.: “Really, Really Good Company, and It’s Not Outrageously Expensive”

Reliance, Inc. (NYSE:RS) was among the stocks Jim Cramer covered on Mad Money as he discussed the wave of IPOs being the market’s possible biggest threat. A caller inquired about the stock, and Cramer replied:

That is a very fine company, and I’ve gotta tell you, I happen to like that one right after Nucor. Now, Nucor just reported today, I think, terrific numbers this very evening. That’s probably going to move up Reliance. But there’s no problem with that other than the fact that, again, the stock has had a very nice, quick move, almost parabolic, going higher. But I can’t, I gotta tell you, I’m not going to tell you not to be in that stock. It’s just a really, really good company, and it’s not outrageously expensive.

Photo by Adam Nowakowski on Unsplash

Reliance, Inc. (NYSE:RS) is a metals service center and solutions provider that distributes a wide range of metal products like aluminum, carbon steel, and titanium. The company provides specialized processing services directly to manufacturers and small machine shops across the aerospace, construction, and energy industries.

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