Thread regarding Newpark Resources Inc. layoffs

What’s it going to take for:

PV to “drive profitable growth across the globe”? He has certainly had more than enough time. Oil prices and rig count are strong. They claim to be #2 in revenue/rig count in the NA mud biz. Could it be that he doesn’t have what it takes and his enormous ego made a whole lot of bad decisions? We are going on 4 years with him after all. Certainly more than enough time for him to show his skills.

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Post ID: @UIdbbiO

4 replies (most recent on top)

Maybe you can get some points with pv by helping him sell ph lot in Carlton Woods since pv has now relocated to his new house. Lot- 3/4 acre FULLY wooded . Purchased in 4-2014 for $800K when Montgomery County Appraisal for LOT was only $351K. 2018 Appraisal UP TO A MIGHTY $515K. Been listed For Sale 3-4 times (No Results)--Latest in May 2018 for $900K and dropped to $795K in August 2018. Prime selling season ends this weekend with start of school. Um, Looks like Time to delist lot Again and Wait another 6-7 months. Been PAYING Property Taxes and Maintenance Fees for going on 5 Years (its amazing how those EXPENSES Never Stop). Pre-planing at it's Best. Lot in reality probably worth $450-$550K at today's prices (not on golf course or water, a cheap way into Carlton W ). Not proving successful , it seems, at his point. You Do the numbers-- PLUS, don't forget--LESS a 6% Realtor commission fee upon successful Sale. See any overall big trend here- like in, hint, BUY HIGH- sell low. And a constant $$$ drainer like Fourchon.

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Post ID: @UIdbbiO-gxpu

NO - do not know what you mean. Pv has been essentially been IN CHARGE of (over) Texas for over 3 1/2 Years. NO RESULTS-JUST EXCUSES ie. Wait till next year. Repeat. You sound like pv's water boy.

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Post ID: @UIdbbiO-gosj

Not PV fault that Tx sales are awarded at too low of profit margin and too much associated selling costs. You know what I mean. This is the quality of the sales team we have. When we can get the new talent in things will turn around!!

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Post ID: @UIdbbiO-gsep

See the stock price is down .80 cents or so during the last couple of days. Probably having to fess up to WS that their sales and profit are not going to be real sparkly for the 3rd Quarter. Estimates that i see show NO improvement in profit over 2nd Q numbers. 50 days or so to results time.

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Post ID: @UIdbbiO-dvte

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