Tree Island Steel

TSL-T

Analysis and Opinions about TSL-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
June 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.
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(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.
HOLD
HOLD
January 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.
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Tree Island Steel (TSL-T)
January 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.
HOLD
HOLD
August 28, 2018

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

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

TOP PICK
TOP PICK
May 8, 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 $6 not long ago. (Analysts’ price target is 3.75$)


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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
BUY
July 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.

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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
BUY
November 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.

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Tree Island Steel (TSL-T)
November 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.

COMMENT
COMMENT
November 3, 2016

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

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Tree Island Steel (TSL-T)
November 3, 2016

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

COMMENT
COMMENT
June 1, 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.

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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.

COMMENT
COMMENT
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.

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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
PAST TOP PICK
July 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.
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(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
DON'T BUY
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$’s.
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Volatile. Prospects going forward are somewhat muted. Chinese manufacturers will give strong competition. Bulk of their sales are in the US while distributions are in Cdn$’s.
DON'T BUY
DON'T BUY
February 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%.
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Tree Island Steel (TSL-T)
February 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%.
COMMENT
COMMENT
January 4, 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.
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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
WATCH
November 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.
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Tree Island Steel (TSL-T)
November 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.
DON'T BUY
DON'T BUY
November 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.
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Tree Island Steel (TSL-T)
November 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.
Showing 1 to 15 of 31 entries

Tree Island Steel(TSL-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Tree Island Steel is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Tree Island Steel(TSL-T) Frequently Asked Questions

What is Tree Island Steel stock symbol?

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

Is Tree Island Steel a buy or a sell?

In the last year, there was no coverage of Tree Island Steel published on Stockchase.

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

Tree Island Steel was recommended as a Top Pick by Fabrice Taylor on 2019-06-10. 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 help on deciding if you should buy, sell or hold the stock.

Is Tree Island Steel worth watching?

0 stock analysts on Stockchase covered Tree Island Steel In the last year. It is a trending stock that is worth watching.

What is Tree Island Steel stock price?

On 2020-10-27, Tree Island Steel (TSL-T) stock closed at a price of $2.1.