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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 extremeriskon Oct 31, 2018 7:37pm
124 Views
Post# 28905016

Just cut dividend and get on with changes

Just cut dividend and get on with changesWhat other company that trades under $1 pay a dividend. This is unheard of. The 10 cents now works out to over the 10 percent yield.  Operating cash flow is $1 million loss for 9 months.  Postmedia has operating cash flow of 27 million.  So despite debt and annual revenue of 676 million post media is doing much better than torstar. Total revenue decline of 10 percent for Postmedia.  Torstar decline of 10 percent on annual revenue of $525 million. The non prem watsa shareholders will likely keep selling. You need to have positive operating cash flow and torstar does not
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