- Tenaris SA is involved in steel pipe manufacturing for the energy industry and other industrial applications.
- Tenaris SA appears to be advancing with its investment to consolidate its Canadian industrial operations in Sault Ste Marie, where the company is actually producing premium products.
- Note that the company’s facilities in Conroe and Koppel are reopening, and the facilities in Ambridge and Baytown also seem to be operational.
- By the end of the year, if the company successfully hires 450 new employees as mentioned in the last report, I will be expecting even more sales for the years 2022 and 2023.
- Given the investment symmetry, the upside potential, and the downside risk, I believe that Tenaris SA is a buy.
For further details see:
Tenaris Is Reopening Facilities, Makes Stock A Buy