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Bullboard - Stock Discussion Forum Tree Island Steel Ltd TWIRF


Primary Symbol: T.TSL

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... see more

TSX:TSL - Post Discussion

Tree Island Steel Ltd > Another special div. + NCIB
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Post by lifeisgood1010 on Jun 16, 2023 9:00am

Another special div. + NCIB

The 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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