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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 extremeriskon Nov 15, 2017 9:43am
104 Views
Post# 26966937

RE:RE:T.O.R.S.T.A.R.

RE:RE:T.O.R.S.T.A.R.I dont believe buying more non voting shares gives Fairfax any edge here.  The voting shareholders are in control so Watsa has no leverage other than the threat of dumping all the B shares onto the market and tanking the share price further.  Considering how low this price has become the "a" shareholders do not appear to care about the share price tanking further so I think Watsa's options are limited. 

You know torstar is really not trying very hard.  I read the press release this morning from Amazon announcing Amazon Alexa is not available in Canada.  Voice activiated device with one of skills it has is provding current news.  In release it says CBC is providing this.  Why is Torstar not involved with this product and how is the national broadcaster on the front line of this?

I still can not bring myself to buy back in on this one.  
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