Tree Island Steel (TSL.TO) Buy, Sell or Hold

Tree Island Steel (TSL.TO)

2.28

+0.02 (0.88%)

as of Jun 15, 2026, 5:35:20 pm Market Open.

12 watching

PAST TOP PICK

(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.

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HOLD

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.

HOLD

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

TOP PICK

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 $6 not long ago. (Analysts’ price target is 3.75$)

BUY

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.

BUY

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.

COMMENT

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

COMMENT

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.

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COMMENT

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.

PAST TOP PICK

(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.

DON'T BUY

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.

DON'T BUY

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%.

COMMENT

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.

WATCH

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.

DON'T BUY

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.

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Tree Island Steel (TSL.TO) Frequently Asked Questions

What is Tree Island Steel stock symbol?

Tree Island Steel is a Canadian stock, trading under the symbol TSL.TO (previously TSL-T on Stockchase) on the Toronto Stock Exchange (TSL-CT). It is usually referred to as TSX:TSL or TSL.TO

Is Tree Island Steel a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on TSL.TO (previously TSL-T on Stockchase) on Stockchase. Read the latest expert commentary for Tree Island Steel.

Is Tree Island Steel a good investment or a top pick?

Tree Island Steel was recommended as a Top Pick by Michael Decter on 2006-11-24. Read the latest stock experts ratings for Tree Island Steel.

Why is Tree Island Steel stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Tree Island Steel.

Is Tree Island Steel worth watching?

Tree Island Steel is followed by 12 investors on Stockchase and is a trending stock that is worth watching.

What is Tree Island Steel stock price?

On 2026-06-15, Tree Island Steel (TSL.TO) stock closed at a price of $2.28.

Most Recent Experts

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Gordon Reid

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Jim Cramer - Mad Money

CNBC

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