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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 Mediawatcheron May 28, 2019 2:50pm
130 Views
Post# 29779108

Lowering the ignition point on TS.B

Lowering the ignition point on TS.BHi All, In the past 3 years, TS.B has traded below $2/share. During this time 46,171,790 shares have traded. Approximately 30 million shares are owned by non-Voting Trust members or Fairfax. Many will recall Fairfax reported purchasing 9.4 million shares for $1.25 in November 2017 and this is not included in the above trading volumes. Why does this matter? It matters because, with probably a few exceptions, those who paid north of $6/share have been flushed out in despair from the never-ending tsunami of disastrous results. This means to the path to a buyout is eased because an offer north of $2/share will be met with relief by those clinging to the mast of the SS Torstar. The Voting Trust will demand a reasonable price (however this gang of clowns define what constitutes reasonable but well above $2) to cede control of the company. That will protect all of us from getting a low-ball offer.
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