WFT should get back to the basics and drive business from the field. Corporate needs to cut their cost not those who bring revenue in. More verbal communication less emails and computer job logs that no one reads. Too many chiefs not enough Indians. This management is the cause the company is in a hole.
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Losers!!!
100% D/E ratio and "successful company" to do NOT go together. In Weatherford's case, cash flow, loss of market share and so on will be the death nail Q3 numbers will show everything.
A lot of companies run with more than 100% debt to equity ratio and survive/thrive, Weatherford is not the only one. If we go down, it'll for other reasons not necessarily high D/E.
I don't know but if you are the last one at Weatherford, please turn off the lights..
Unless they hit hard on layoffs now it will only become worse another 10,000 layoffs required now to include support staff and middle management
WEATHERFORD stock price $8.55, the ship is sinking, abandoned ship,
They crash and burn.