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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
Comment by extremeriskon Mar 30, 2016 5:55pm
171 Views
Post# 24713027

RE:Bottom yet?

RE:Bottom yet?Been in and out of this one a lot but 1.55 looks like a bottom. Vertical scope can produce 20 million year in ebitda and so far is growing 20 percent and that appears to be continuing. A company that is growing 20 percent is worth a 12 multiple. So at market cap of 120 million vertical scope alone is at 6 times giving everything else at torstar value of zero so I think safe to call bottom here. I continue to buy. I think sellers are exhausted after such a long down turn.
Bullboard Posts