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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 Aug 03, 2016 4:24pm
187 Views
Post# 25107756

Another ALL TIME low !

Another ALL TIME low !These guys can't seem to do anything right . My biggest concern is the pension liability . Over the years , the employee's and especially the management received these lovely defined benefit pension plans . This is fine for a very profitable company making lots of money , but it is going to be a big issue for Torstar going forward . The company should be on the very generous defined contribution pension plan . I would say that the vast majority of Canadian companies are going in that direction now . I believe that the Torstar pension is currently underfunded . Our only hope going forward ( and I have just about given up on this group ) is if they hire a very smart young management TEAM ( one person is not enough ) and they get a significant amount ( maybe 75 million or more ) for the Vaughan facility and equipment . Is there anybody out there who has any optimism for this company going forward ?
Bullboard Posts