Thread regarding Newpark Resources Inc. layoffs

More of the same

Q4 financials out this afternoon. Fluids with a profit of $900k on an underwhelming .7 margin! But this is without corporate overhead of $26m. And read further down folks, $4.3m sales of property, equipment and assets contribute as well. Not to mention, NR $179.6m total sales with losses of $3.7m for Q4.

Going to explore sale of Conroe blending and Barite grinding. Why not just turn NP into a wholesaler domestically? After all, that is what is currently happening with current Mgmt. You could eliminate most overhead, office expenses, sales staff and make a WHOLE lot more $$$ than they have the past 5 years.

Paul, Piontek and company continue to be the laughing stock of the mud biz. What is even more funny is 3 current mud companies (with ex Newpark Mgmt) are operating PROFITABILITY in multiple regions domestically. All of these owned, managed and operated by ex Newpark mgmt that Phil Vollands terminated. Let that soak in!

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Isn’t it ironic that NO ONE on the cc mentioned the new board member coming aboard (from the activist investor)? Also, why the he-l has long term debt INCREASED from $19.6m to $96m over the past 12 months? Incentive compensation and rewards, are you Sh-----g me? Profitability is what is rewarded! NOTHING ELSE! Paul mentions leaving the company in good shape, it’s more like the dumpster fire ink company he formerly led and ran into the ground.

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