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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 May 22, 2018 4:57pm
125 Views
Post# 28065766

RE:RE:Bye or Buy Opportunity?

RE:RE:Bye or Buy Opportunity?Herein is the research I was able to find on Ownership by Institutions from FactSet:

Dimensional Fund Advisors own 1,105,000 shares;  Chou Associates Management 1,064,000;  Canso Investment Counsel 742,000 and BC Investment Management Corp at 121,000 shares.  That's it for those with more than 100,000 shares.

These institutional holders account for approximately 3 million or 10% of the 30 million shares not owned by Fairfax and the Voting Trust.  Readers can draw their own conclusions about the thinking of the retail holders of these shares. 

Some I am sure have accumulated the stock for the return on the dividend.  Other may be hanging on because they are so underwater they can't bring themselves to eat the loss.  A group of investors may see how undervalued the shares are currently trading at and are making purchases when they have extra cash in their investment accounts. 

The fact that Fairfax owns 40.6% of the B shares and Canso with its connection to Postmedia owning 742,000 shares probably factors into some smart investors calculus on this play.  
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