Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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. The Company’s product offerings 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

Post by Stocker46on Nov 17, 2022 2:34pm
383 Views
Post# 35107949

Perspective

PerspectiveIt perhaps comes down to perspective.

My previous comparison shows that DBM earnings decreased by 73% from 1st  to 3rd Q 2022.
TSL's earning decreased by 38% over the same period.
One would be hard pressed to find a Company that hasn't had the same experience in 2022.

The market is down today. Currently DBM is up 7% since releasing it's 3rd Q while TSL is down 4% since it's release.

DBM's news release was quite positive (read their last paragragh before the statements) ... when you consider the reduced earnings & the continuing decline in Lumber Futures.

TSL's was much more negative. They highlighted a reduced 3rd Q demand in the US.
What I find odd, is that Sedar shows US Sales in 3rd Q at 64.63% of total Sales while the same number for 9 months is only 64.08%.  This is precisely why they need to initiate Quarterly Conference Calls.



<< Previous
Bullboard Posts
Next >>