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Tenaris ADR Rep 2 Ord Shs T.TS.B


Primary Symbol: TS

Tenaris S.A. is a holding company, which is a steel producer with production facilities in Mexico, Argentina, Colombia, United States and Guatemala. The Company supplies round steel bars and flat steel products for its pipes business. It operates through Tubes business segment. The Tubes segment includes the production and sale of both seamless and welded steel tubular products, and related services primarily for the oil and gas industry, principally oil country tubular goods (OCTG) used in drilling operations, and for other industrial applications with production processes that include in the transformation of steel into tubular products. It operates in geographical areas, such as North America, South America, Europe, Middle East and Africa, and Asia Pacific. Its products and services include OCTG, Premium Connections, Rig Direct, Offshore Line Pipe, Onshore Line Pipe, Hydrocarbon Processing, Power Generation, Sucker Rods, Coiled Tubing, Industrial and Mechanical, and Automotive.


NYSE:TS - Post by User

Post by modulexon Aug 03, 2018 8:38am
116 Views
Post# 28409218

TORSTAR : SHARE PRICE LIKELY TO MOVE UP SOON

TORSTAR : SHARE PRICE LIKELY TO MOVE UP SOONtorstar's Q2 results being positive news, ts.b shares are however still lagging in price but an upward trend should be coming shortly.  if next Q results is again profitable, a turnaround may be achievable.  fairfax will have to decide if it goes along with a privatization offer as once the share price cross the $2 level, it will cost more money to complete such transaction.  should the ts.b share price remain low (below $2) until next Q results, this could indicate that shareholders, the market, wants to see a few profitable quarters before pushing the share price up or that this event may be only possible with a fairfax buyout/privatization.  Q2 is giving some hope, but again, torstar's stock having dropped such badly, it will be a long way to rise again above $5.00, for example.  i personally think that a privatization will happen much before the shares get to this $5.00 level or higher.
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