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Bullboard - Stock Discussion Forum Tree Island Steel Ltd TWIRF


Primary Symbol: T.TSL

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... see more

TSX:TSL - Post Discussion

Tree Island Steel Ltd > Q3 2024 result bad!!!!
View:
Post by DeepvalueSmall on Nov 05, 2024 6:46pm

Q3 2024 result bad!!!!

Tsl just reported Q3 results that are pretty bad. Just one quarter but for a company that is its own landlord these are dismal results. 

Still tremendous value and this will just create a buying opportunity but management and board need to wake up and realize that if these results continue much longer they need to roll up shop, sell inventory, land and equipment. Would be a healthy uptick.

Think fair value of the company is >$6/share. Between $150mm land value, $100mm working capital. Next to no debt, cash balance plus base business.
Comment by Catscratch on Nov 06, 2024 10:21am
Yes an ugly quarter for sure but should be temporary.  The significant unrealized value in Tree Island's real estate continues unfettered.  Will be interesting to see if Doman continues to buy stock after the Q3 trading blackout is lifted.
Tree Island Steel Ltd