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Bullboard - Stock Discussion Forum Tree Island Steel Ltd T.TSL

Alternate Symbol(s):  TWIRF

Tree Island Steel Ltd. is a Canada-based manufacturer and supplier of wire products for a range of applications. The Company, through its operating facilities in Canada and the United States, produces wire products for a diverse range of customers for industrial, residential construction, commercial construction and agricultural applications. Its products include galvanized wire, bright wire... see more

Bullboard (TSX:TSL)

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Post by Stocker46on Feb 06, 2023 10:43am

SHARE PRICE

From $3.55 to $3.15 in 2 trading days with no apparent news. Any thoughts from current holders. Bought more this AM.
Comment by Lynneoon Feb 05, 2023 12:26pm

RE:RE:IS TREVOR........?

John Plows came in 2nd for Stockhouses #1 troll, just behind Reddeer
Post by Stocker46on Feb 02, 2023 2:04pm

3rd Q NET TANGIBLE BOOK VALUE

It appears that NorthForce13 hasn't been on Stockhouse (or at least on the TSL board) for several days. Regardless, it's clear that he used 2nd Q (at June 30) numbers in his calculations & ...more  
Comment by Stocker46on Jan 28, 2023 4:12pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:3rd Quarter

Make that Yahoo. You'll notice the S/E number (in total) for 3rd Q just happens to be approx. the same ($584M) as only the Common Share number in 2nd Q.
Comment by Stocker46on Jan 28, 2023 2:49pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:3rd Quarter

Just looking at Yayoo Finance. I believe the numbers you are using are from 2nd Q NOT 3rd Q. Take a look.
Comment by Northforce13on Jan 28, 2023 2:24pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:3rd Quarter

Youre doing it "wrong".  The S/E you are quoting is before cont surplus, foreign cur trans and accumulated deficit.  After which S/E is 547.  Something is wrong with your ...more  
Comment by Stocker46on Jan 27, 2023 9:17pm

RE:RE:RE:RE:RE:RE:RE:RE:3rd Quarter

Thanks Nortforce. Looks like we're doing the same calculation but the numbers on Sedar are a little different. I show $406M goodwill & $158M intangibles with S/E at $584M. for NTBV of $19M vs  ...more  
Comment by Northforce13on Jan 27, 2023 6:01pm

RE:RE:RE:RE:RE:RE:RE:3rd Quarter

Q3 2022 FS;  S/E 547 mil - 387 goodwill - 155 intangibles = 5 mil of tangible shareholder equity
Comment by Stocker46on Jan 26, 2023 10:45pm

RE:RE:RE:RE:RE:RE:3rd Quarter

Hi Northforce13. Not coming up with zero for Doman (based on my understanding of Net Tangible Book Value) If you're using the comparative share prices in any of your calculations & saying TSL ...more  
Comment by pennydredfulon Jan 26, 2023 9:27pm

RE:RE:RE:RE:RE:RE:3rd Quarter

that  tends   to happen  when a company makes  a lot  of acquisitions.  A manufacturer  like   TSL  needs more  fixed   assets ...more  
Comment by Northforce13on Jan 26, 2023 3:48pm

RE:RE:RE:RE:RE:3rd Quarter

TSL sells at a discount to net tangible book value. DBM's net tangible book value is... zero.  
Comment by Lorra3on Jan 26, 2023 6:57am

RE:RE:Shout out to Leo and Sarge for suggesting TSL under $2.00

great guys and awesome investors, thats for sure
Comment by pennydredfulon Jan 25, 2023 8:42pm

RE:RE:RE:RE:3rd Quarter

TSL  stock  lacks  liquidity  re  less  shares  outstanding  than  DBM  and   higher  %age  insider  ownership  . Their& ...more  
Comment by Stocker46on Jan 24, 2023 11:17am

RE:RE:RE:3rd Quarter

Noticed that auburn2 likes to throw out a negative post & then disappear, refusing to respond to a request for clarification . Talk about being disingenuous. In the mean time, the TSL/DBM ...more  
Comment by pennydredfulon Jan 20, 2023 2:41pm

RE:Must be bad news coming

These  sellers   not   there  today  ?   Either   playing  possum , not   in today   or    NCIB    ...more  
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