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Tree Island Steel Ltd
T.TSL
Alternate Symbol(s):
TWIRF
Steel
Steel
Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products in Canada, the United States, and internationally. It offers low-carbon and high-carbon galvanized steel wires; clean and bright wire for industrial and original equipment manufacturer customers; agricultural products, including fencing, barbed wire, galvanized wire, and bright wire, as well as other fabricated wire products specifically for farming, ranching, and vineyards; and nails and stucco reinforcing products for residential and light commercial construction. The company also provides black annealed wires, woven and welded wires, corners, and accessories. It markets its products under the Tree Island, Halsteel, True Spec, K-Lath, TI Wire, Tough Strand, and ToughPanel brand names. The company was formerly known as Tree Island Wire Income Fund and changed its name to Tree Island Steel Ltd. in October 2012. Tree Island Steel Ltd. was founded in 1964 and is based in Richmond, Canada.
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TSX:TSL - Post by User
Tree Island Steel Ltd
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(13)
•••
Stocker46
X
Post by
Stocker46
on Sep 26, 2022 8:13pm
301 Views
Post# 34988162
TSL/DBM Comparison
TSL/DBM Comparison
Posted this on the DBM board, so I'll post it here as well:
SP Holding up well
I have to admit, the SP is holding up better than I anticipated.
Lumber Futures average for 3
rd
quarter are down to $554 .. 30% plus less than 2
nd
Q.
Down again Friday by $25 to $435.
Futures have now been below $500 for 6 of the last 7 trading days.
An interesting comparison:
Tree Island Steel (TSL) - (a company that Amar Doman has a 34% interest in through Futura) are doing quite well :
1
st
Q EPS = 45 cents, 2
nd
Q EPS = 46 cents … or 91 cents per share for the 1
st
half of 2022.
They stated in their 2
nd
Q News Release that “higher” product prices had offset increased costs due to inflation & other factors.
The Cdn dollar is now at a 2-year low, which (if it continues at these rates) will benefit TSL as approximately 65% of their revenue is generated in the US.
Sure, it’s a much smaller company than DBM but their 6-month EPS of 91 cents compares to a 12-month EPS of 93 cents for DBM. The Market for TSL's Steel Wire products cover a wide range from Industrial, Construction, Agricultural & specialty applications. Their product prices (so far) seem to be holding up well.
TSL is currently trading at $3.40 while DBM is at $6.05.
The LOGIC escapes me!
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