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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 lifeisgood1010on Jul 28, 2023 10:57am
157 Views
Post# 35561527

RE:RE:15 year high and trading at a 2023 p/e of 5

RE:RE:15 year high and trading at a 2023 p/e of 5Yes, it was a typo.Thanks pennydredful

DRX will go up, consolidate and go up again.This is a stock for small investors.
They have huge tail wind.

On the last CC, M. Paschini hinted at getting a smaller version of their new Zebau automated line
for their Montana plant.
This machine is expensive but now that they have the experience of their first machine in
Terrebone,the learning curve would be a lot easier.

With 11 production baies in Terrebone, i am also hoping for another smaller version 
for Terrebone.

With all these contract winning,DRX will need to work on their working capital so
i am not expecting a dividend increase even with a spectacular increase in profitability.

The Quebec goverment got involved in the financing with a portion of the loan of
the firt line at a zero interest.

Maybe they will get another one.The QC goverment is very business friendly
and is trying to develop the EV battery industry.

PM Legault said this morning that there could be annoucement soon.

DRX would be a front runner in building these new plant structure.
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