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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 Mar 23, 2018 2:58pm
141 Views
Post# 27772063

TORSTAR : IT WILL END IN A WASH-OUT

TORSTAR : IT WILL END IN A WASH-OUTIf Torstar is ever summoned to Court in the alleged conspiracy with Postmedia, which matter is currently under investigation by the Competition Bureau of Canada, some heads will roll over at Torstar. It would be financially damageable given the lawyers' fees and penalties and it would tarnish Torstar's reputation. It could pave the way to a hasty privatization by Fairfax. For the time, being the name of Bob Hepburn is brought forward as the Torstar spokesperson, front man, but if legal action ever occurs, it would then become revealed who, within management, is involved in the scheme. If John Allen (Honderich) is tried, he will be forced to resign, obviously. Since the last Q results, TS.B shares are caught in a stranglehold, trading in a narrow range of $1.70-$1.80. With a 52-weeks HIGH of $1.90 and the company expected to lose $0.18/share in 2018 and lose $0.20 in 2019, a GO PRIVATE transaction will never fetch an attractive price. At $3.50, Fairfax could very easily land a deal.
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