WHO's SELLING ??After 4th Quarter, TSL has a Price/Earnings ratio of under 2.
The Land Sale obviously had a significant effect (about $43 M in earnings net of Tax) .. but allowed them to pay off more debt, buy back a previously leased property, & pay out a rather huge special dividend.
Steel prices (in general) have been going higher & prices for TSL products (specifically) are expected to remain strong through 2022.
There's little doubt TSL's share price will continue to move higher between now and March 31 .. the last day you will be required to own shares and still collect an almost 20% (at the current price of $6.15) dividend of $1.20 per share.
What I find somewhat amazing is that some shareholders are still SELLING shares prior to March 31 ??
Any thoughts?