Tenaris ADR Rep 2 Ord Shs T.TS.B

Primary Symbol: TS

Energy Oil & Gas Equipment & Services

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.

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Tenaris ADR Rep 2 Ord Shs

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Post by twentychanceson Jul 23, 2015 3:38am

97 Views

Post# 23951675

...because you never know....

Hey gang,

I am in the process of getting a home equity line of credit ($30,000).

The idea is to pay 3% instead of 9% on the $30,000 I borrowed to buy TS.B.

I am happy to have the interest go to you, instead of the banks.

Please let me know if you want to lend me the funds instead of the bank.

I would be happy to pay you 4% on $30,000. The loan would be secured by TS.B shares and repaid when the shares are valued *properly* by the markets (that is, above $12/share).

Obviously this proposal doesn't make a lot of sense, but...you never know.

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