Investors should continue to avoid the stock.
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Investors should continue to avoid the stock.
BHI , trading at 52.83 .............up again today doesn't look like a company trading multiples above it's value . Looks like things are getting better . As OIL goes up so does BHI . buy and hold like the one person said .
Marty is an over paid A$$ Clown, along with old crook Sourcy, Law and Whitten.
Are you talking about the same great Martin that told everyone they would not sell, and then on Sunday they planned to sell. Is this the same great Martin that would have made millions on the deal and sold a great portion of his stock right before the deal started to form....
Sold to who? If the company is losing 100s of millions then it isn't worth much to an acquirer. BHI is dead money for the time being unless they can get back to profitability. There are better opportunities elsewhere.
Know this. In less than 8 business days an important piece of information will be revealed to all of us. This information I'm mentioning will follow the same pattern we saw in 2014 Q4. If you remember November or 2014 then you already know what it is. With certain we can expect losses into the hundreds of millions to be reported. Shortly after we will certainly be sold.
The OPs post comes from a Seeking Alpha article from a couple days ago . Kind of interesting there is no author to the Seeking Alpha post . Lots of BS . Martin has committed everything in his power to make Baker Hughes a very good company !
BHI is trading at several multiples above its true value. Speculation is fueling the current price. The Q3 investor report will no doubt indicate another ~$1B loss. "The emperor has no clothes"..
Sell before the elephants do!
Cuz we are force feeding 3.5 billion into the stock
Something has got to give. When nearly all the service companies are losing money the status quo cannot be maintained. Prices for services need to increase or there needs to be less competition soon.
We are watching all service companies , the question being asked have they did enough to cut their losses . Profits are hard to come by in this market . The U.S. second half year GDP has been revised to 1 per cent . This could remain a weak market and indicate another weak quarter . Through impairment and workforce reductions BHI should start seeing the end of the tunnel . We are saying hold.
I am surprised the OP didn't include the link to the Seeking Alpha post. Even with oil creeping up I don't understand whi BHI price has been rising. I wonder if there is an expectation GE or Siemens or another will buy. Next week's earnings announcement will be important to see if there is evidence the bleeding is abating or not. I haven't heard anyone predicting it has to any significant degree.
We recommend to hold , as the O&G market and Texas recovers so will BHI . You got some bad info.
Who says stock is 60% overvalued? Show us the numbers instead of some wild prognostication!
I could say it is 60% undervalued and it's time to load up and buy more. Time will tell who is correct. Without some serious commentary and numbers to back it up it is just as rubbish a prediction as the OP's.
At least 68% overrated. Watch for the free fall of BHI stock you IDIOTS!!!!!!!
BHI is rated as a "buy".
Is that a stinky bottom up?
Bummer
The catastrophic PP division influence, will drag share price down sharply, unless sold.