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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 04, 2016 12:41pm
231 Views
Post# 24841006

This bad news every quarter is getting very annoying !

This bad news every quarter is getting very annoying !Well , More bad news than I can list here . On the positive front , Torstar said the following things . 1) "We have initiated the sale process of the printing facility and land in Vaughan ". This should bring in tens of millions . How about selling to Amazon for a distribution center . 2) " Looking forward , we do not see this quarter as indicative of our year . We anticipate growth in segment EBITDA in the remaining nine months of 2016 " . 3) Torstar declared a quarterly dividend of 6.5 cents per share " . ( That's over a 13% yield ) . On a practical note , we have all lost a ton of money on this terrible investment . For retirees like myself , this does not help matters . On the positive front , Mcdonalds is hiring new greeters , so not all is lost !
Bullboard Posts