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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 rinm99on May 09, 2018 9:09am
115 Views
Post# 28003333

RE:RE:ANYTHING POSITIVE ?

RE:RE:ANYTHING POSITIVE ?As I said in a messy way yesterday, soon it will be only VerticalScope in the core value of the stock. By now, we already see that the balance of assets are going more and more in the marginal direction. I think that at some point, all the legacy assets will be under VerticalScope umbrella, the Star and the regional media.

Since, VerticalScope at 25M to 35M annual adj. ebitda this year, give a nice premium in my view to the actual value of TS, but maybe not in the 5-6$ bracket, more realistic at 3$ in my view.

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