Tree Island Steel Ltd T.TSL

June 2019

[Mrguillaume]

About 4 years ago, June 2019, the 2 major shareholders, Furtura Corp. and Arbutus Distributors offered to buy TSL for $2.25 per share which occurred shortly after 1^st Q poor results. Shares were trading in the $1.9 range when the offer came. I wonder if they will attempt this predatory / opportunistic offer again.

[CountryBoy69]

I personally think that TSL would be a good fit for the Doman family. I own both and don't consider it either predatory or opportunistic. Let's remember Amar is a major shareholder so he has skin in the game. His previous aquisitionshave improved  the viability of those company's. I would have no problem in an acquisition at this time , in fact it would be a blessing in disguise ,

[Mrguillaume]

I’m open to a sale at a fair price.   In 2019, the price was opportunistic as the $2.25 per share offered didn’t even equal the amount received on the sale of their Etiwanda facility18 months later - $55.3 million US or $2.45 Canadian per share (pre-tax).   Today, the 2 properties in Richmond and Calgary are worth north of $4.00 per share pre-tax.

[Stocker46]

If they buy it and make it private, your dividend disappears ... & $2 or $3 is nowhere near what the company is worth.