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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 Apr 19, 2019 11:09am
121 Views
Post# 29648858

Creating Shareholder value

Creating Shareholder valueIt is so disheartening to see this once iconic stock trading at 6 million dollars below cash value . That about sums up what investors think of this company going forward . I basically can only think of 4 things which would create any share price increase and any combination of two or more would probably do the trick . 1) A step down of Management and Directors - Fairfax ? 2) An exit sale of the Vertical Scope investment . 3) A special dividend of 50 cents a share . The company would still be left with 28 million dollars in cash and no debt . 4) A substantial share buyback plan on the "B" shares . I expect to hear of MORE of " Challenging " , and "Transformation ", at the annual meeting but for as many years as I can remember , nothing about what we are supposed to hear - Profit increases , Revenue although not up but beating Analysts forecasts , and a dividend increase . Wouldn't that be a pleasant change . My experience tells me that the Share price is how the company is doing . I don't see any employees rushing to buy Torstar shares .I have a couple of companies trading at year highs and with them , I know that the earnings and forward outlook is going to be very good . The trading pattern tells you that . Happy Easter to everyone .
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