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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 30, 2019 8:10am
128 Views
Post# 29687397

Fairfax investment

Fairfax investmentEven if the "B" shares dropped to 25 cents a share , I don't see Fairfax buying any more stock BECAUSE they have no voting rights . I myself , wouldn't put another dime into Torstar for the same reason . This won't happen , but if overnight the "B" shares got the same voting rights as the "A" shares , then what we would have immediately is a 3 or 4 dollar stock . Unless I sell at a substantial loss ,( if I can even find a buyer over 70 cents ) , I feel that I as a "B" share holder have no say and no rights . I guess that is why the stock is trading for their cash equivalent and zero value is placed on the whole company . I really hate to see my Torstar RRIF investment going down the drain .
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