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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 31, 2015 6:49pm
91 Views
Post# 23981741

Looking for an upturn

Looking for an upturnWhen things are at the bleakest is probably the time to buy . I have basically bought all the Torstar I can , but I do think next week will bring a much better stock performance . I think we need more clarity from the company why they bought this particular company . I personally don't think that there was anything unethical involved in this deal at all . On a very positive side , they were getting basically no return for the 200 million now. At least now , it will generate some income . My biggest beef is that management , for whatever reason can't get the costs of the newspapers in line with the revenues . As an example , if there total revenue is 800 million , then their all in costs ( a new gold term ) should be 700 million . It's up to management to figure it out .
Bullboard Posts