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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 Dec 05, 2019 3:05pm
138 Views
Post# 30426175

RE:RE:RE:Vertical scope

RE:RE:RE:Vertical scopeHi Extreme,

Your information is incorrect. 

Torstar has always disclosed in their MD&A the current and long-term debt on VerticalScope's balance sheet.  The Q4 2016 total debt was $122 million, so no accounting sleight of hand.

This calls into question your Cayman Island assertions for which I doubt there is anything to support repeating this claim.

VertigoScope is still generating cash and more than $30 million in EBITDA.  Bankruptcy isn't on the horizon.

It's okay to be critical of the deal and management, but let's get the basic facts right.

MW






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