Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Mediawatcheron Mar 26, 2018 12:40pm
143 Views
Post# 27782177

Management and Board Assessment

Management and Board AssessmentPrior to the AGM I intend to send another letter to the Board and Voting Trust providing a follow-up to my letter of August 2017.  Regular readers of this bulletin board may recall I used the framework of the National Post article outlining the value destruction over the past decade under Honderich's watch to try and stimulate some reaction from the Voting Trust.  The coma continues...unabated.

Boynton has been a disaster - the "Transformation" is nothing more than a marketing fraud concocted to hide the bankruptcy of ideas.  The Wizard of Ozzzzzz was an uninspired and another in a long line of poor CEO choices.  No experience as a CEO or in running a media company.  Who thought this was going to work out well?  The organization design is a mess and you couldn't make it any more convoluted or confusing.  Every decision is bottlenecked and decision-rights are murky on good days and non-existent when it really matters.

The new crew of expensive retreads have done nothing but create more uncertainty and disruption in an organization already under siege.  

This Torstar-Postmedia deal should have been good for the businesses but was handled with incompetence, ignorance and arrogance.  Heads should roll but you can be sure nothing from the top of the house will feel the heat.  Where was the Board oversight on this deal?  It is amateur hour except amateurs wouldn't have told the bald-faced lies that have come back to haunt them.  They will get slapped with a fine and some public humiliation, but Godfrey and Honderich will continue to exist untouched in their bubble worlds.

It is only when the Voting Trust feels the heat will the dominos start to tumble.  That time is coming when it becomes apparent to all this fraud is about to come undone.




<< Previous
Bullboard Posts
Next >>