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Tree Island Steel Ltd T.TSL

Alternate Symbol(s):  TWIRF

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.


TSX:TSL - Post by User

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  • DeepvalueSmallX
Comment by DeepvalueSmallon Nov 05, 2024 6:16pm
194 Views
Post# 36297846

RE:Tree Island Steel Plant

RE:Tree Island Steel PlantThey do, totally agree. I think that a potential takeout will be a much more fair offer than last time, given the real estate value of $150mm. Cgy and Richmond. 

I think fair value is well north of $6/share and increase day by day as this is a fcf machine. 

I personally would fight pretty hard on anything less than 4.50 even 5. 

Been adding to my position over the past year, another at leede Jones has been recently as well as national bank. 

TSL continues to buy a ton of stock in the ncib, bought another 26k in October. 
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