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Byline: David Saito-Chung
Tenaris SA debuted on the NYSE on Dec. 16. The stock broke out of a 14-week base on April 16 and hit a new high a week later before pulling back.
The Luxembourg-based firm makes seamless steel pipes and provides pipe handling and distribution for the oil and gas industry. It operates factories across the globe, including in Mexico, Brazil, Argentina, Canada, Italy and Japan.
Sales have grown from $1.84 billion in 1999 to $3.22 billion last year. That's a compounded annual growth rate of 20.6%. After posting a net loss of 77 cents per share in 1999, Tenaris has posted earnings for three straight ...