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 TWIRF


Primary Symbol: T.TSL

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 May 24, 2021 12:16pm
87 Views
Post# 33257094

RE:RE:Today Evaluation of TSL

RE:RE:Today Evaluation of TSLFurther, with respect to "todays" share price & why it should be higher.

Current SP = $3.89 
EPS based on 12 months trailing earnings = 34 cents giving us a P/E ratio of 11.4.

The key here is that almost 65% of the 34 cents is based on 1st Q 2021 earnings,  pointing to a much higher EPS in 2021 than the 18 cents per share in 2020 ... as in 4 to 5 times higher.
Trading in the 2 month period prior to 1st Q release averaged about the current price of $3.89 with a high of $4.29. It fell off a bit in the weeks just prior to the May 7 release.
So what should the SP be now ? ... I'd say closer to $5 or $6 ... more if investors are confident that earnings in the next 3 Quarters will come anywhere close to 1st Q.


<< Previous
Bullboard Posts
Next >>