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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

Bullboard Posts
Post by forkliftguyon May 11, 2015 3:40pm
103 Views
Post# 23716348

Dividend yield on Torstar

Dividend yield on TorstarIf you take out the 280 million in cash on hand , the market currently values this company at $2.75 per share . Again excluding the cash , the dividend yield is 19% . Something has to give somewhere . I can't sell because I don't sell $12.00 stocks for 6 dollars . As long as the dividend holds , I will just keep raking it in . I wouldn't be surprised to see a company like Transcontinental Printing make an offer for the company . Maybe two shares of Torstar for One Transcontinental Share . I'm sure Transcontinental would love to have that 280 million in cash to fortify their balance sheet . I just can't believe that the voting "A" shareholders will continue to allow this company to keep sinking . The guest On BNN market call today was not very complimentary of Torstar's prospects .
Bullboard Posts