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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 CountryBoy69on Mar 06, 2023 2:20pm
345 Views
Post# 35321897

Stocker46 post

Stocker46 postWhile currently not an owner of TSL l have been looking closely at both this and DBM. The reason is a common denominator Amar Doman.. by all accounts a highly competent and an aquisitor of unvalued companies. He is the largest shareholder inDBM and a major owner ofTSL.. He made a run at this one before and l now believe the time is ripe to go after them again. TSL would be a good fit to DBM and Amars empire. .Besides while TSL s smaller dividend is not attractive to me right now , if they were taken out at what l would think would be a premium then those shares incorporated into DBM would receive a double in share yield. Conclusion , l prefer to be ahead of the curve and intend today to iniate apposition in both .Risk , Reward and it seems to me that the fit into DBM and their diversified portfolio of both Lumber , Retail and diversified assets makes sense. Besides l get paid to wait and if what l believe could occur then l will be well rewarded. Those who sold may want to rethink this setback .
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