Thread regarding Baker Hughes Inc. layoffs

Why is everyone under Crackhead selling stock why leave the floor hands out to die give us a package and let us move on

China's economic bubble is about to burst. All hell is about to break out. World wide melt down expected.

Do yall see the signs??? There is no deal. Cheaper for lil red to pay up the 3.5 b. Then purchase. The reason bhi is failing is because the people that made bhi have given up. I know I'm one of them. The greed continues with the shareholders and others.

BHI's stock price is glued to HAL's and went up sharply with HAL's purchase announcement of the premium to the existing BHI stock price prior to the announcement. If the deal evaporates so will BHI's stock price as it will again be BHI performance driven. You might review BHI's last 2 quarterly reports. Reader's Digest version: doing very bad especially compared to SLB and HAL. The $3.5 B ($8/share) will help some depending on what BHI does with it. My guess if HAL pulls the plug on the deal they won't be writing that check anytime soon.

Why should BHI stock tank if the deal doesn't happen? BHI gets a $3.5B cash injection from HAL, putting it in even better cash/debt ratio. HAL stock takes a hit from penalty and unrealized market share increase post-takeover. I know the media is repeating this 'BHI stock will plummet if deal doesn't happen', but I don't buy it. It makes no sense.

With the price of oil projected to stay low and maybe drop lower, why would hal want to take on extra costs? The deal doesn't make sense anymore.

Thanks for starting a decent thread on this board after long long time.

Baker will be survive if the deal does not go through, the stock might take a huge beating

The CAPABILITIES of some of current leaders is questionable, especially in the US geo HQ..

For all you pendejos! who cant see! Its over BHI . was a planned deal. Take it down! bring it down! Its called a Monopoly! And its not a game! MF's Its over! the days are short! suck on that shit! In the end! Your ass just stays bigger and wider! BHI Is done!

http://news.investors.com/091115-770583-doj-restrictions-may-create-ge-rival-for-halliburton.htm?ven=yahoocp&src=aurlled&ven=yahoo

BAKER will be just fine. It's a great company, with awesome tech, patents, and tools. Every business is in Flux right now, wondering how long they can treed water (as the waves of change and uncertainty crash over every outfit). HAL sees great value in BHI & so do others. If the deal does fall through, someone would be glad to step in and keep the biz a float. But that won't happen. The deal will get done. Too much time, money, & tech is at stake. It's just crazy to be apart of the industry right now. In the words of the great Bob dylan: " o the times they are a changin" :)

Where did this management come from ? I have been a vendor to Baker Hughes for 11 years and I will say this group of managers took their eye off the ball !!

Honest to god there should be an investigation by stock owners this management group has ran this company into the ground.

This was a good thread. Thanks for that. This is why I keep checking this site even if I have to pick through a lot of garbage. I see Baker coming out of this intact somehow. I have nothing really to support this comment other than we are busy at work and seem to be kicking ass out in the field. Signed...worker bee.

Sadly I concur with all the comments so far. The "perfect storm" is on the radar: The financials imply that the stock should be ~$15 (I plan to sell all on Monday). The DOJ is insisting on HAL/BHI divesting $7.5b before they will give the green light, but who is going to buy $7.5b of assets in the current climate (never mind who has the cash). Activity continues to decline. Too much key talent has been laid off or has jumped ship. Two years ago I prophesized that BHI would not exist in ten years (I way out!) - I can now see BHI actually going bust. "Stretch goals, paths of discovery, personal genius" and other management buzz words my @r$e ..the incompetence and lack of fundamental business knowledge at 'the top' is truly staggering..!

I dumped my shares Friday morning. I'm just gonna ride the wave til it hits the rocks. I assume every phone call will be from HR, asking me to come on down. Time to try this little dream called entrepreneurship after the ship wrecks.

No ur right. But it pushes SLB Markey cap further ahead of HAL. Which HAL can argue that it NEEDS this M&A to be approved to keep pace.

I see that SLB's acquisition of CAM helps HAL with the DOJ, but I think most people overestimate how much. CAM will provide SLB with new product lines with very little overlap with existing SLB product lines. SLB's acquisition bears little resemblance to HAL's from an anti-trust standpoint.

BHI would probably be in better shape if they weren't prep'ing for the takeover. Would be a cheap ploy by HAL to eliminate their main competition since they could recoup the money when they scoop-up the business BHI loses due to their deep cuts. Plus, BHI will really be hurting if their next round of cuts is not in the upper mgt ranks, b/c who will be left to do the actual work if they make more cuts of the workerbees.

Plus, it seems strange the requirements the DOJ is putting on the deal when it seems SLB gets an easy pass for CAM. I guess cheney doesn't have the connections he once had.

Within the net profit margin of -4.73% how much are the non core businesses contributing to that negative margin? Seems like all of the non core stuff, whether negative or low margin should have been dumped by now.

Bakerhughes is going under.core values my arse all the leaders hang your heads in shame.theres no way this deal is going through if you have any shares in baker you better get shot of them before December hang onto them at your pearl.

Good post !! I also fear the worst now.. I am a manager in Stoneywood and we all under our breath know its is game over for BHI in any form now. I will take a redundancy offering now without hesitation. Good luck all.

I agree Baker is a complete mess, but it is in sound financial shape debt to equity-wise. If the deal falls through the stock price will get unmercifully pummeled which would likely bring a new suitor at a much lower purchase price. But I think everyone should take a deep breath. At least we aren't WFT. That company is burnt toast.

Thank god for a decent thread ! First proper one in ages. I agree, the signs are there . Deep, deep problems with no real structured way of coming out without a beating. BHI is stuck waiting for their own survival and not knowing how deep Hal will hurt them on the takeover. I fear the worst now first time in 25 years. I think BHI will be lucky to survive whatever form it will take. Time to think about a new career or retire... It is not nice now fighting to stay in BHI with the extra workload. It Is making me unwell. I cannot stand the stress for much longer. Good luck all. Once again good thread.

More mass redundancy BEFORE Q3 earnings announcement on October 21, 2015.

Baker is in deep trouble because of bad leadership, but the worker are paying the price.

More lay off is coming, only real force under the scope, this will put baker in deeper trouble...

This is not something can be self corrected.

I concur. There will be a deep cut maid just to stay afloat even before any Halliburton takeover. Look at the company numbers ! difficult trading and low revenues to continue . Fact !!!!!!!