Is this due to free cash flow turning positive in the 4th quarter and thus investors feel the imminent bankruptcy that drove the share price down to 22 cents is less imminent? What is the next survival hurdle, getting the debt that comes due in the near term refinanced out to a farther due date?
7 replies (most recent on top)
I can't wait to see the big raise we get this year. Shooting for 2%, but they say we lucky to have this job....
Final trick is they owe you your salaries. Cash flow positive !
They aren't paying vendors, we have been cut off by most vendors.
180 days on accounts payable.........they squeezed it to be cash flow positive. Pushing the inevitible down the line. Bk coming. But not right now. Good news for day traders.
Yes, but generally WFT is cash flow positive in the 4th quarter and I actually would’ve been surprised if they weren’t. They absolutely knew they had to be cash flow positive considering how bad stock was beat down. My guess is that they paid so few bills that they were using candles for light at night. Let’s see how Q1 cash flow looks like and then we can talk....
Don’t work at Weatherford anymore but rooting for you to pull it off.
Layoffs still happening in December. Can't loose many more! Then where will the money come from?