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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

Comment by puma1on May 23, 2017 8:51pm
91 Views
Post# 26275239

RE:Look at the trend over the past 5 years

RE:Look at the trend over the past 5 years
they took a huge pile of cash and handed it to a private equity guy so they sit on a passive investment called Vertical scope. They could have handed it to a Digital fund managed by Blackrock or someone similar. I can't see them getting any lift off VS unless someone can shine a better light on the business. It is a disgrace that their largest asset has almost no disclosure. Or put another way, a company that was and will burn cash, decided to take most of their cash and dump it into a passive investment that doesn't kick back much in the way of cash flow.
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