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MSFT 9.02META 26.5BKNG 9.7HMP.TO 0.01SPGP 1.21ZUQ.TO 1.52NVDA 7.26GL 0.63
Daily Stock Opinions and Ratings
Stockchase Opinions

Fabrice TaylorTree Island SteelTSL.TOTOP PICKMay 08, 2018

He might be a bit early with this. This is a former income trust. Commodity prices (steel) were hurting their margins: they couldn’t raise prices fast enough. They had a very good recent quarter. Talk now is optimistic. He likes turnarounds like this. It’s not very liquid. Don’t chase it. Put in a bid and let sellers come to it. This is a cyclical business, it was a $6 not long ago. (Analysts’ price target is 3.75$)


Fabrice TaylorFabrice Taylor
Owned
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$3.46

Stock price when the opinion was issued

$2.28

As of Jun 15, 2026. Market Open.

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PAST TOP PICK

Tree Island Steel(TSL.TO)

Jun 10, 2019
(A Top Pick May 08/18, Down 36%) They were doing things to turn things around. They made net income last year and then Trump tariffs killed them. But they said they are going to turn around the tariffs. He is going to look and see if it is time to buy back in.
Photo of Fabrice TaylorFabrice Taylor
No
Unlock Rating
$2.12

Stock price when the opinion was issued

$2.28

As of Jun 15, 2026. Market Open.

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HOLD

Tree Island Steel(TSL.TO)

Jan 11, 2019
They make steel wire for fencing and nails. Currency weakness hurt them, but he feels they could be ripe for a turn around. He would continue to hold onto it. He will look into owing it again.
Photo of Fabrice TaylorFabrice Taylor
No
Unlock Rating
$2.16

Stock price when the opinion was issued

$2.28

As of Jun 15, 2026. Market Open.

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HOLD

Tree Island Steel(TSL.TO)

Aug 28, 2018

Battered by steel tariffs. Hold it if you still have it, because tariffs will get resolved.

Photo of Elliott FishmanElliott FishmanUnlock Rating
$2.56

Stock price when the opinion was issued

$2.28

As of Jun 15, 2026. Market Open.

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BUY

Tree Island Steel(TSL.TO)

Jul 10, 2017

The largest product is nails so it is a play on the recovery in the US and in their housing market. He thinks we are early in that recovery. He likes the housing recovery story.

Photo of Gerard FergusonGerard FergusonUnlock Rating
$4.15

Stock price when the opinion was issued

$2.28

As of Jun 15, 2026. Market Open.

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BUY

Tree Island Steel(TSL.TO)

Nov 10, 2016

They will be a beneficiary of what is going to happen in the US. He thinks people used this stock as a source of cash. He sees improved housing starts in the US.

Photo of Gerard FergusonGerard FergusonUnlock Rating
$4.38

Stock price when the opinion was issued

$2.28

As of Jun 15, 2026. Market Open.

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COMMENT

Tree Island Steel(TSL.TO)

Nov 03, 2016

(Market Call Minute.) Doesn’t like it.

Photo of Barry SchwartzBarry SchwartzUnlock Rating
$4.69

Stock price when the opinion was issued

$2.28

As of Jun 15, 2026. Market Open.

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COMMENT

Tree Island Steel(TSL.TO)

Jun 01, 2016

Technically this looks good. Has a nice support and is beginning to break out of something that it has had difficulty in breaking out through. Looks like it could get up through $4.

Photo of Elliott FishmanElliott FishmanUnlock Rating
$3.93

Stock price when the opinion was issued

$2.28

As of Jun 15, 2026. Market Open.

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COMMENT

Tree Island Steel(TSL.TO)

May 25, 2016

Has watched this company for several years and kicks himself for not buying it. Debating whether to put it into his small business fund, but worries if it has run up too far. Enormously well-run. 2.25% dividend.

Photo of Michael DecterMichael Decter
No
Unlock Rating
$3.17

Stock price when the opinion was issued

$2.28

As of Jun 15, 2026. Market Open.

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PAST TOP PICK

Tree Island Steel(TSL.TO)

Jul 25, 2007
(A Top Pick July 13/06. Down 3%.) Ran into difficulties with the US housing market. Have restructured and think they have a pretty good plan. She is not into turnaround stories so has sold her holdings.
Photo of Leslie LundquistLeslie Lundquist
No
Unlock Rating
$8.41

Stock price when the opinion was issued

$2.28

As of Jun 15, 2026. Market Open.

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DON'T BUY

Tree Island Steel(TSL.TO)

May 29, 2007
Volatile. Prospects going forward are somewhat muted. Chinese manufacturers will give strong competition. Bulk of their sales are in the US while distributions are in Cdn$’s.
Photo of Ben ChengBen Cheng
No
Unlock Rating
$8.18

Stock price when the opinion was issued

$2.28

As of Jun 15, 2026. Market Open.

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DON'T BUY

Tree Island Steel(TSL.TO)

Feb 22, 2007
They are at an apex in change for the company. Yield of about 20% which he expects will be cut. Payout ratio is at least 125%.
Photo of Patrick KimPatrick Kim
No
Unlock Rating
$7.35

Stock price when the opinion was issued

$2.28

As of Jun 15, 2026. Market Open.

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COMMENT

Tree Island Steel(TSL.TO)

Jan 04, 2007
Have faced some pressure from Chinese imports of nails. You have to also make a call on wire rod, which is their largest input. Recently appointed a new CEO. Payout ratio is quite high so there is a possibility of a distribution cut.
Photo of Michael Simpson, CFAMichael Simpson, CFA
No
Unlock Rating
$6.94

Stock price when the opinion was issued

$2.28

As of Jun 15, 2026. Market Open.

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WATCH

Tree Island Steel(TSL.TO)

Nov 24, 2006
Manufactures nails, fencing, etc. Their last quarter led him to believe that they should cut distributions. Debt levels are very low. If they cut distributions, the stock price will drop and you might look at taking some up at that point. Higher risk.
Photo of Robert LauzonRobert Lauzon
No
Unlock Rating
$7.31

Stock price when the opinion was issued

$2.28

As of Jun 15, 2026. Market Open.

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DON'T BUY

Tree Island Steel(TSL.TO)

Nov 24, 2006
Sold his holdings when the US housing market started coming apart. 20.5% yield. Wouldn't bet that the housing market will recover and sales will go up again.
Photo of Michael DecterMichael Decter
No
Unlock Rating
$7.31

Stock price when the opinion was issued

$2.28

As of Jun 15, 2026. Market Open.

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