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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

Post by Stocker46on Mar 31, 2022 12:21pm
188 Views
Post# 34563367

Tough Decision

Tough DecisionDecided to sell today.
The way I see it, if you exclude the net effect of the land sale gain, 4th quarter was an average quarter (similar to 2nd Q but not nearly as good as 3rd Q).
TSL closed at $5.00 just before the release of 4th Q Financials (& the announcement of the special dividend). Without the land sale, (and the dividend), the SP may have moved slightly higher but in my opinion (despite the relativelty low P/E Ratio) it wouldn't have got anywhere close to the current price.

I'll enjoy the dividend and watch closely for an opportunity to buy back in.
StratCat .. enjoy your trip to Mexico.
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