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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

Post by DeepvalueSmallon Nov 05, 2024 6:46pm
81 Views
Post# 36297883

Q3 2024 result bad!!!!

Q3 2024 result bad!!!!Tsl just reported Q3 results that are pretty bad. Just one quarter but for a company that is its own landlord these are dismal results. 

Still tremendous value and this will just create a buying opportunity but management and board need to wake up and realize that if these results continue much longer they need to roll up shop, sell inventory, land and equipment. Would be a healthy uptick.

Think fair value of the company is >$6/share. Between $150mm land value, $100mm working capital. Next to no debt, cash balance plus base business. 
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