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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 Dec 13, 2018 2:04pm
170 Views
Post# 29111320

ALL TIME LOW !!!

ALL TIME LOW !!!As of Sept 30 , 2018 Torstar supposedly has 48.4 million dollars of cash plus 7.7 million dollars of restricted cash for a total of 56.1 million dollars . There are just over 81 million class "A" and "B" shares outstanding . That works out to currently 69 cents a share in cash supposedly . Taking out the cash from the share price of 72 cents , we have a company valued at 3 cents a share and still no big buyers . I am wondering what the excuses will be at the next conference call . At the very least , I wish they would come out with some new excuses . The old one's are becoming very tiresome . Much like the Edmonton Oilers changed coaches and became a much improved team , this company needs a new coach .
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