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        Hi, I'm Ted Dixon with
        your INK Morning Report
        video summary for March
the 9th.
        Investors have been
favoring
        economy oriented value
stocks and
        dumping growth stocks as
interest rates rise.
        This can be seen in the
outperformance of
        the Russell 1000 value ETF
up
        8.7% year to date versus a
        4.6% drop in the Russell
1000 growth ETF.
        For those looking to
rotate
        from expensive technology
stocks
        to relatively cheap
economy
        focused stocks listed in
Canada,
        Tree Island Steel is a
name
        that continues to hit our
screens.
        The stock rebounded
sharply after
        2020 results were
announced on March 4th,
        2020 revenue came in at
$215.9 million,
        up from $200.4 million in
        2019 due primarily to
growth in agriculture,
        industrial, and
residential
        construction segment
sales.
        Rising free cashflow has
        allowed the company to
increase
        its quarterly dividend to
$0.03 per
        share from $0.02
previously,
        good for an indicated
        annual dividend yield of
4.5%.
        Going forward. Tree
Island,
        Chairman Arman Doman noted
that
        as our end markets
Gradually recover,
        we are encouraged by the
results in 2020,
        cautiously optimistic of
        continued improvements in
our business.
        He has been buying more
shares.
        along with other insiders.
        That along with relatively
        attractive valuations,
        has the edge sun
        shining on Tree Island
Steel stock.
        Now this is not a
recommendation,
        buy or sell securities,
not
        a licensed financial
advisor.
        So please do your own due
diligence.
        If you'd like a copy of
the full report.
        It's available at
INKResearch.com or via
        the Canadian Insider Club
        at CanadianInsider.com.
        Well, thanks for stopping
        by and check back again
        tomorrow for another INK
        morning report video
summary.