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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. 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

Bullboard Posts
Comment by Iceman2000on Jun 18, 2015 9:36am
160 Views
Post# 23843280

RE:Nice move up recently.

RE:Nice move up recently. I sense a dividend re-instatement is coming.  I asked last year and they said it was too early but on the company's wish list.  They had just paid off some debt, plus most of the convertible debt was converted to shares, the balance sheet has been repaired.  A dividend can't be too far off but it may not come till company year end.     

US housing is doing well that in combination with the 20% bump in currency movement will set up for an excellent 2nd quater.  The currency move goes straight the bottom line.  Last quarter much of currency move would not have flowen through due to pre-existing contracts and the late move in currency.   So alot of the stock move maybe related to this quarters numbers.  


Bullboard Posts