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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. Its products 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 lifeisgood1010on Jun 16, 2023 9:00am
196 Views
Post# 35499793

Another special div. + NCIB

Another special div. + NCIBThe yield stands at 5.81%.I had not noticed that TSL has already bought back 41% of the
permitted stock under the curent NCIB.

It represent 2% of the total stock and 5% of the free-float.It's not the end of the world.
Stlll,this company as a clean balance sheet.No LT debt, trades at .73/ book and as 83 cents/ share
of cash.

Trading at a P/E of about 5

Let see were this take us.

Staying long with this defense low valuation company

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