Looks like today is the lowest the Stock (Share) Price has been in 20 years. Closing at $8.01. According to NYSE. A drop of -6.75% today.
8 replies (most recent on top)
Many institutional investors are leaving NOV. BUT THIS IS NOT DOCUMENTED ONLY THE BUYS. YOU NEED L2 TO SEE THIS.
Documented are only small bits $250k and less from Institutional Investors. Which is nothing
The forecast for year end is a whopping (ESP) Earning Per Share of -$0.80.
That’s a huge wiping out of the year, share holder confidence gone, EBIT and restructuring not offsetting or working.
MAY THE CHANGE OF CEO HSPPEN IN 2021
If the price dropped to -figures would still be too expensive sorry but the NOV name actually means NOT OF VALUE
Unethical, fraudulent and downright immoral management. NOV is definitely the worst place I have ever worked with regard to the number of spongers and fawning gophers. No wonder it's all going down the pan.
Probably too late to change the rotten culture now!
I have alot of things to sell the board. I mean they will buy anything, look how long they have bought the C-E-Os lies.......
Although the group made a loss. Don’t forget, be year end we add executive bonus / salary onto this.
CEO alone. Conservative Quick maths says 7 years in office at say $10m per annum that’s $70m rough maths
Again this does not include other VP’s etc.
Not bad considering no profit while in office along with the lowest share price in 20 years.
There’s room for error colleagues. No note to file for these guys.
No notable manager or above has been impacted during the downside.
Correct me if I’m wrong.
Before we blame the current folks running the show lets consider the circumstances....EEEEERRRRRRRRRRRRR who are we kidding, this is the Chief Elfecutive and his Do-Nothing Helpers. Somebody said it well...Resign or somehow get this circus show to hit the road. Embarrassing what they have done to this company that was built by hard working people.....
Agree with that last comment stock will hit 6 bucks by end of the year. NOV is a house of cards and the plan numbers for next year are founded on quicksand even before the VPs and Presidents “suggested” higher numbers.
Headed much lower than $8.01. Look out below