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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 forkliftguyon Aug 24, 2018 12:56pm
103 Views
Post# 28513149

Share buyback thought

Share buyback thoughtTorstar has roughly 50 million dollars in cash and no debt . How about announcing a share buyback of 10 % of the "B" float . This would only cost about 20 % of the cash , and put a bit of a floor on the stock . I don't see any other big buyers . We can't count on management to buy stock . The market cap of Torstar including Vertical Scope is only around 95 million Canadian dollars . It sounds even worse in U.S. funds . I would love to see then spin out that Vertical Scope investment . Not sure if it is worth anything ! Pretty pathetic and then some .
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