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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 Feb 27, 2020 1:24pm
162 Views
Post# 30742180

Not much more to say

Not much more to sayIt's now official . Every share that has ever been purchased in this company in it's entire history  is now  in a loss position .  This is a company that has 42 million PLUS 25 million for Hamilton sale equals 67 million in cash or 83 cents in cash per share and SUPPOSEDLY  no debt .  . We are at 37 cents because nobody and I mean nobody has any faith in this management group . Even management and / or directors have no interest in submitting significant buy orders .  I will hold my 23 thousand plus shares to zero if necessary , but I will never put a nickel of investment in a non voting stock again . We can't go bankrupt , if there is no debt , but it wasn't that long ago thatTorstar had 440 million dollars from the Harlequin sale . It's TOTALLY gone . What's left is the 40 some million they get from their Concord Ontario facility flus the 25 million they will get from the Hamilton sale .  I think I made a BIG Boo Boo buying this stock . 



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