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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; an array of fasteners, including packaged, collated and bulk nails; stucco reinforcing products; concrete reinforcing mesh; fencing and other fabricated wire products. The Company markets its products under the Tree Island, Halsteel, TrueSpec, K-Lath, TI Wire, ToughStrand and ToughPanel brand names. The Company's subsidiary is Tree Island Wire (USA) Inc.


TSX:TSL - Post by User

Comment by Stocker46on Sep 15, 2022 9:55pm
194 Views
Post# 34965947

RE:In at $3.59

RE:In at $3.59I hold a considerable number of shares in TSL & recall reading your post & thinking $3.59 would be a good price to add more. In fact, I've added a little more 2 or 3 times over the last few weeks.
TSL trading, however, has been somewhat mind-boggling of late.

Today the SP dropped below the EPS ($3.44 vs $3.45) generating a price/earnings ratio of less than 1.
In 30 years of trading I've never (before now) seen a company making consistent profits quarter after quarter with a price/earnings ratio of 1 or less.
In fact, the last 2 quarters have been excellent & they clearly stated in their 2nd Q Financials News Release that "higher" product prices had offset any increased costs due to inflations & other factors.
I suppose it's partially a function low volumes due to a limited number of shares being available for trading. Regardless, the company appears to be grossly undervalued at these levels.

 

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