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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 HermannHalleron Dec 03, 2017 11:36am
110 Views
Post# 27080336

RE:Rock solid dividend?

RE:Rock solid dividend?I agree the dividend could be killed, but note that both TD and RBC reports you referred to were written before the deal announced with Postmedia. This deal is expected to improve results by $5-7 million, which could result in the dividend being continued for longer.

As to Boynton, I don't think him or anyone else can make the Internet go away and bring back the old days for newspapers. But what he can do is sell off the numerous investments in on-line businesses that Torstar owns. Use the proceeds to cover the pension deficit and pay out a special dividend. Then when just the bare bones Star is left, sell that to the families and job well done.
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