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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

Comment by Mediawatcheron Aug 26, 2019 9:24pm
210 Views
Post# 30068136

RE:Can anyone hear the Muses??

RE:Can anyone hear the Muses??Hi Teddy,

Yes, all quiet at Sleepy Hollow aka 1 Yonge Street.  FFH isn't going anywhere. They are in this for the long haul notwithstanding the incompetence of senior management and the Board. Watsa sees the underlying value of these assets and the opportunity to salvage these once-proud franchises.

The Board will be forced to confront the dismal results and the complete lack of traction with the "Transformation".  At some point in time, the Voting Trust will emerge from their group coma and throw in the towel.  They will find a way to extract a fair price and will quit pretending they are doing anything but sucking all of the oxygen out of the business.

Shareholders should continue to collect their dividends and wait for the final chapter whenever that happens.  I continue to buy on dips and average down.  Nothing is guaranteed but with each passing quarter, this clown show is drawing closer to the end.  It can't happen too soon.


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