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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 modulexon Jan 27, 2017 6:31pm
259 Views
Post# 25766282

TORSTAR

TORSTARthere will no doubt be an outcome with Torstar in 2017. ts.b shares cannot remain in the dumpster at roughly $2.00. it makes no sense. i see more the company becoming privatized rather than be taken over by another public company, which i thought could have been transcontinental inc. (tcl.b), who is by the way is torstar's publisher of the toronto star newspaper, but it appears that Fairfax is the one having a firm grip on torstar, owning 19 million class-b shares. Torstar has fallen about 90 per cent since Fairfax first invested in September 2006, when the publisher was trading around $20 a share. It took a $175 million loss on its stake in 2008 and 2009, according to a 2010 letter to shareholders. torstar is to release Q4 earnings in early february. the stock should then sail smoothly to $3.00 and upwards and an offer coming through in a not too distant future.
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