Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 28, 2019 12:02pm
226 Views
Post# 30402324

RE:TD Analyst Report

RE:TD Analyst ReportHi 20,

We should all take some comfort from this analyst report.  The observation that shareholders may actually be on a better footing without the dividend is spot on.

When the Voting Trust allowed the provision that allowed the unwashed masses to vote if they didn't pay $.075 per annum they probably thought that was a ridiculous throwaway clause to appease some investors and would never happen.  They were awash in cash and printing money every day.  Who could have imagined that between structural and cyclical forces coupled with a huge portion of gross incompetency that day is now upon them?

There has to be genuine panic at Senility Hall as Christmas approaches and no dividend cash to light the fireplace at the Voting Trust annual get together.  The analysts have assigned no value to VertigoScope for which they paid $180 million only 4 years ago - $2.25/share up in smoke.  They also ascribe no value to the core media assets - meaning they believe the Toronto Star is now virtually worthless. 

I don't believe VS or the core media assets are worthless, but it will be a sobering message for the Voting Trust.  They know they will be thrown out the minute the dividend provision kicks in and their legacy of mismanagement will be fully exposed.  Good news for B shareholders.

MW


<< Previous
Bullboard Posts
Next >>