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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

Post by extremeriskon Sep 19, 2016 6:33pm
287 Views
Post# 25253744

went long again

went long againNo bounce in share price based on sale so I went in on long side again. They should be close to $100 million in cash now which works out to 1.25. Some of the parts though is worth more than 45 cents. Blue ant media almost went public last year and that will be coming up again. They own 25 percent of that one. Expectation is so strong now that this will always go down they can't even get a bump on asset sale. Very sad but this could be inflection point. Lapresse app is about double reach of star however one has no choice so there is no daily paper except for one on weekend. This could be headed in same direction as they cut out maybe some dailies forcing one to move to app. At this low price back to being a bull again. Maybe crazy here but lapresse's success gives one some pause. Also vertical scope aPproaching 20 million ebitda per year so at 1.70 stock price gives market cap of 136. 7 times ebitda just on vertical scope which is growing at 20 percent still so I guess the math works out here at this price point:
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