The 2016 Q1 earnings report is expected before the markets open this morning (April 27th)
As usual, I don't anticipate hearing anything of substance ..."earnings down, eps down, cost control measures are in place .. and yes, everything is just peachy..!"
Watch the guillotine being put into overdrive once the annoucment comes out that the deal is off.
Time to start buying shares in blade sharpening companies worldwide.
I agree with the first reply (nzw). Once the merger is off the table the real cuts will start. There is an update on April 30 but I don't anticipate any decisions being made.
True that. No positive merger spin and actually blaming the agreement on restricting our ability to perform. Hey HAL, send us our check. You know its over.
No positive spin just well and truly f/:£'d bakers will have to be sold off now, Will GE want it or will Halliburtan get it at a nock down price
Actually a few gems from the emails this morning.
First, the comment about operating costs being high still bc of merger requirements. Meaning, we are still holding people, locations, equipment etc. bc of requirements set in the merger. BHI hsa to keep x amount of people in case the merger goes through. Once the merger is off the table, these costs will be eliminated. For those confused, that means more locations closing and more layoffs.
Second, from all that I have read, and I may have missed it, but I believe this is the first time where MC didn't elaborate in a positive manner regarding the merger. He simply stated "we'll keep you posted" and not his typical pep talk positive spin.