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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 Mediawatcheron Jan 05, 2018 3:36pm
117 Views
Post# 27293081

RE:Stock accumulation

RE:Stock accumulationHi Forkliftguy,

Where do you get the information that leads you to the conclusion there appears to be one large buyer?  

I would think if your average is $3,50 and the stock moves to $3.00 and you've been patient this long I would hold-on to make some money.  This stock is going to $6 or $7/share as Watsa doesn't make too many mistakes and all the signs point to something happening sooner rather than later. 

Watsa's move in November had to have been carefully thought out and the pressure has to be building on the Voting Trust.  The boardroom is filled with walkers, wheelchairs, canes and oxygen tanks. At some point they will realize the futility of hanging on for the next generation which has no interest in Torstar.  Time to hand over the reigns to an owner who can invest for the future.    
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