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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 Jul 22, 2015 11:22am
74 Views
Post# 23948694

Time for a special dividend

Time for a special dividendThere is very little of a positive nature happening to this stock . The market cap is now below the cash which Torstar received for Harlequin . In other words , the market puts a negative value of all the other assets . Really hard to believe . Assuming that they still have the 270 million in cash , I would like to see them pay out a special dividend of 3 dollars a share . That would still leave them with 30 million in cash and no debt . That would certainly bump up the share price . Now , of course this is unlikely to happen , because the "A" shareholders have all the votes and all the say . They would however get the 3 dollars a share in cash if they elected to proceed with this idea , the same as the "B" shareholders .
Bullboard Posts