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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 Nov 12, 2019 1:20pm
269 Views
Post# 30340830

RE:Whats going on ?

RE:Whats going on ?Hi FLG,

None of the insiders will even contemplate buying a single share until Honderich is either removed or neutralized. They don't believe anything remotely positive will happen with the business or the share value as long as he continues to meddle and obstruct.  Unfortunately, Honderich is the key to unlocking the share value and he will desperately cling to power until he is forced out. 

The suspension of the dividend is bad in the short-term for shareholders and the share price. However, if it expedites the removal of Honderich it is an investment we should be all glad to make.  This ratchets up the pressure on him and he has never pulled a rabbit out of his hat in his entire career.

This company holds considerable unrealized value.  It is not being recognized because confidence in the business has been shredded by successive screw-ups and the fact that no one is ever held accountable.  

I maintain Honderich will eventually be shown the door and the true value will be realized by those who had the patience to wait him out.  I do not believe there are any undisclosed financial obligations weighing down the share value.  

MW


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