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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 Nov 12, 2019 11:57am
265 Views
Post# 30340259

Whats going on ?

Whats going on ?The stock is trading at an all time low , and no insider buying , tells us that something seriously is wrong . Of course having a stock worth two thousand dollars from the all time high of a one hundred thousand dollar investment ( 30 dollars to 50 cents ) tells us that . I really wish instead of trying to sugar coat everything , that the management would come clean at the shareholders meeting , and tell shareholders what is really going on in detail , from Vertical Scope to On line papers . My thinking is that if this company had value then insiders would buy . That hasn't happened in quantity that I can see . I don't think the company can go bankrupt , if they indeed have 50 million dollars in cash , no debt , AND NO OTHER FINANCIAL OBLIGATIONS ? ( (Vertical Scope or pensions or whatever ? ) IF there are other financial obligations then that explains things .
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