Tenaris ADR Rep 2 Ord Shs T.TS.B

RE:Almost 40% Jump in Price - what gives?!

[Mediawatcher]

Hi All,

Between 3:20 and 3:50 yesterday someone or a small gang was chasing relatively large volumes of Torstar shares for no reason that has been disclosed by Torstar.  The reasons may be as follows:

• The amount of cash on the balance sheet attracted the attention of a shrewd investor;
• The markets in New York were closed and someone had some spare cash to invest in an undervalued Canadian media company;
• Someone has twigged to the fact an event is going happen over the next year and a half that will result in either the dividend being restored or the Keystone Kopps being removed from running the company which will significantly boost the share value;
• Someone knows something the great unwashed masses doesn't know and is loading up in anticipation of some positive news;

As followers of this stock will know, this increase in the share price can disappear in no time at all.  If the trend continues that would be notable.  This stock has only travelled in one direction for years.  It doesn't take a lot to increase the share price as it is thinly traded and a persistent acquirer can drive it up as evidenced by yesterday. 

We may be at the point of approaching rock bottom, leaving nowhere to go but up, but don't forget who is running this place.  Their capacity for stupidity knows no bounds...

MW