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Tree Island Steel Ltd
T.TSL
Alternate Symbol(s):
TWIRF
Steel
Steel
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.
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TSX:TSL - Post by User
Tree Island Steel Ltd
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(78)
•••
Stocker46
X
Post by
Stocker46
on Sep 26, 2022 8:13pm
269 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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