Anyone notice the title of one of the latest organizational announcements? Director of Divestiture and Integration Planning, if we're not going to be sold why do we need this guy?
13 replies (most recent on top)
The question on divestures is a good one . Think of this 1100 companies listed on the NYSE . and the NASDAG have bought considerable amount of stock back . This is a purchase as a conceived reduced price . The company is betting the stock is going to rise and when it begins people will buy the stock at higher prices and the company will make some money . Now the end of October is the board meeting , watch the results of this board meeting a lot is going to happen . Baker is a solid company and the future could not look better . To divest some of the lagging entities will be requested but again Baker must do what will bring the stock up for a bump. The economy for 2017 is on plan for a 2.0 % GDP , this will keep energy prices down and overall stagnant. Any investment in the energy business will be real small . This divesture person will try to find a company that Baker can partner with over a long time contract . I don't think anything will be sold , the Centra Lift , pressure pumping and Chemical division always get brought up . To sell these divisions Baker would take a real haircut.
JxOnIbx-1zez - Since you appear to be knowledgeable what will this Divestiture guy do with those downstream businesses that are not sellable?
Original though is a hard process, I know, but THINK people, for God's sake. Baker Hughes bought back their own stock because Martin's bonus is tied to earnings per share (EPS). Baker had a market valuation of what, twelve billion, when that was announced. Buying back 1.5B in shares reduces the number of shares by about 34 million; or about 10%. When you reduced the denominator by 10%, you increase EPS by 10% - and voila, Martin makes his metrics and gets his bonus.
Director of "DIVESTITURES" and Integration Planning has absolutely NOTHING to do with Baker acquiring anyone. It's the antithesis of that. Baker is planning to DIVEST (sell, for the double-digit IQ posters on here) Pressure Pumping, hence the new position.
And did you see who got the job?
That man has more teflon than a frying pan factory.
Or he has pictures of Crackerjack.
This is a good sign , Baker bought back a lot of their stock back . They will buy another company to compliment their portfolio . The stock shoots up Baker sells it on the market at an elevated price and the company makes more money .
This is a good sign , Baker bought back a lot of their stock back . They will buy another company to compliment their portfolio . The stock shoots up Baker sells it on the market at an elevated price and the company makes more money .
No they bought stock so they can award it back to the executive team. The next news story you will hear is that Martin awarded himself 100k shares
Apparently GE is gearing up to buy some or all of BHI. Announcement expected possibly before Q4 end.
Because Crackerhead is an A$$ CLOWN, and has an extremely red and sore butt hole.
Because we like to piss away money on upper managements on upper butt monkeys.
Baker Hughes is going to go after some smaller companies . This is why they bought some stock back .
Double Bummer
Bummer