Just a few more days and NOV will be a penny stock!!
I bet the "C" level fools are running around asking each other what they should do!!!
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- 5% Drop yesterday all the way down to a new lifetime low of $8.70!!! Market Cap currently at $3.36B . You could get more for this company by selling its assets at sc-ap value and keeping any remaining cash for yourself. You Senior Executives still lounging around drinking coffee watching these numbers?
Come on Baker Hughes or Schlumberger!!! Buy this garbage company and put them out of their misery. I'd like to say that nothing would make me happier than seeing these useless "leaders" out of a job, but the truth of the matter is that most of them probably belong in jail.
To the Chief Elfecutive Officer...RESIGN! GO AWAY! You have failed miserably as Pete’s replacement...everyone knows it. Take Pepito and your Varconian incompetent team with you. Be happy you have lots of money...let real executives lead this company to a recovery.
I sold just prior to the last split...which had it in the 100's. Now they are going to need to do a reverse split just to keep this company listed on an exchange, and will likely start dilution to keep all those President and Vice President's credit card payments current. And to think they gave out bonuses last month too! Either the board of directors is corrupt or they too are incompetent.
Oh that's right! The Board of Directors is being sued by major shareholders for possible breach of fiduciary duties!!!
Just imagine what skeletons exist in the closets with respect to Russia, Korea, Brazil and who knows how many others!!
They are going to continue down!!
NOV ..... a Kursk company ......... that thing just keeps going down in 4 hours it’s sliding down 9.40, 9.15, 9.06, 9.04. 8.99, 8.96, 8.95
Meanwhile Schlumberger opened at 15.47 and are sitting at 15.64
I think the market knows the best bet
I sold at $84, can’t remember it being at $110 ????
NOV will never recover, it is beyond repair and realistically can not afford to trade without shedding another 10000 staff
Glad I sold at $110.00!!! Never looked back!! Might be a buyer as soon as CW, JB, JR, SL, and AB (along with a few more clowns) are walked to the door!!! Might just turn this top heavy t–d into something viable again!
$10.20 Andy going down come on baby make it $9.99
They have been ready for this to take place for a long time.
About to hit single digits. What an embarrassment. I know there’s a lot of factors that has driven this down but it doesn’t help no one has confidence in this leadership team. Time to go elves.
Let’s see what happens next?
When will the sacrifices start??
$11.06 this is going down very fast!!!
I started to get excited and told myself it was the perfect time to buy especially as low as its been since Varco had to be saved but then I remembered that same Keebler bunch run the show now so I slapped myself in the face and snapped out of it. Gonna buy Baker Hughes and Schlumberger instead.
Holy sh– I haven't seen it this low since 2008. Actually this is lower than 2008. Sadly I don't think I'll be able to dump some of my bonus into stocks and make a mint this time.
As the saying goes, redneck pigs get slaughtered! Bye-Bi birdie
$11.14!!!!! I think you are correct my friend!