Added to YB: 2025-05-15
Pitch date: 2025-05-13
TSL.TO [neutral]
Tree Island Steel Ltd.
+19.44%
current return
Author Info
Buggy Whip Bargains has their heads stuck in 10Ks and 10Qs of 'old world' businesses trading below tangible book value. Opinions expressed here are not recommendations or advice. Do your own research. Sign up for the newsletter.
Company Info
Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products in Canada, the United States, and internationally.
Market Cap
CAD 65.8M
Pitch Price
CAD 2.41
Price Target
N/A
Dividend
N/A
EV/EBITDA
28.77
P/E
-14.63
EV/Sales
0.44
Sector
Metals and Mining
Category
turnaround
The Deep Value Week – 2025/19 - Tree Island Steel Ltd.
TSL.TO (earnings update): Q1'25 revenue -11.2% YoY to $50.2M on lower US residential demand, exit from unprofitable products, and new US tariffs. Gross profit -18.2% to $3.95M, EBITDA -34.5% to $2.05M, net income -99.7% to $0.002M. Implemented 9% workforce cut, share buybacks, and sourcing US steel to mitigate tariffs.
Read full article (1 min)