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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

Comment by mjh9413on May 02, 2024 8:56pm
248 Views
Post# 36020789

RE:,,,,,,,,,,,,,,,,,,,,,,,,,SPECIAL Extra Dividend.........

RE:,,,,,,,,,,,,,,,,,,,,,,,,,SPECIAL Extra Dividend.........Hey, looking at their working capital March '24 they might very well consider such a thing but do you buy the stock on the basis of a potential 6cent dividend over the declining revenues and margins in the  recent periods? If holding long term is the normal dividend attractive <4%?  Nice company. Nice balance sheet but I sold whole position earlier on basis of  the macro conditions that were evident.. Might come in again before June qtr end as exceptional items in Q1 alone shud support better financial performance in Q2if rev and margins do not decrease further.. Also seems to have persistent retail support which can be helpful.
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