Thread regarding Newpark Resources Inc. layoffs

Did anyone notice?

Q1 conference call, PH alludes to upcoming costs of $1-2m in Q2 for consulting charges as part of long term strategy. Let me get this right: on top of Corp officers pay and perks, Board stock and perks ~ you have TO PAY someone to TELL YOU HOW TO RUN AND STRATEGIZE YOUR BUSINESS???? Are you friggin kidding me? The NP Board must live on another planet. After seeing the debacle of King Phil, you might entertain the thought of selling the company ~ rather than continuing to flush what was once a great company (pre 2015) right down the Sh--ter. If you truly have to depend on others to advise you, NP is in a world of hurt

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Post ID: @Z5XwOdx

7 replies (most recent on top)

As a former shareholder, I wonder if executive management takes 1 minute of their day to read any of these posts. While I do understand that their are a lot or folks that have been done wrong by the company and post at times ridiculous comments, there are a lot of valid gripes and commentary on here to be honest. If half the board who actually does the work is saying this or that is wrong, I just don’t understand why it isn’t looked into as it’s any easy way make even small improvements. I’ve seen enough posts about Regional managers conflict of interest etc, etc, etc. over the years and I’ve always wondered if anybody looks into it because people just don’t make this stuff up. Bottom line, I know mgt is about their bonuses as are we all, but when your company s---s and people are giving you answers for free, why don’t you listen?

It’s unfortunate that it came to this, but when folks are screaming for years and nobody listens, this is bound to happen. Has upper management ever gone into the field once to see the job done and what it really takes to properly sale and service a well? I would be ashamed if I were them, but to be honest they only have half a brain. Their greed is unending.

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Post ID: @Z5XwOdx-8nkz

If they only had a brain???

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Post ID: @Z5XwOdx-8ojg

As they say, Onward thru the fog. and you can bet a bunch of fog surrounding all the bs at the SH meeting

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Post ID: @Z5XwOdx-7wxg

The Great Minds of NR will be assembled for their annual confab in The Woodlands Palace in 48 Hours. Think at least 10 people will be in the audience?

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Post ID: @Z5XwOdx-5ksc

You only need to look as far as the Procurement department.

They know the mud business and how to make money on product mix and logistics.

NOT. 🤡🤡🤡

Look at the $40M warehouse in Conroe.

What a joke!

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Post ID: @Z5XwOdx-5kly

If you really want a good laugh go to their website and look at the New Presentation Materials Info they are offering to show Investors.. Especially to the Page that shows Net Income from 2014 thru the 1st Q 2019. Choke on that for a while and then follow down to where their Debt has gone over the last 5 years. Very Inspirational and Motivating Info.

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Post ID: @Z5XwOdx-hwl

Wondered if anyone else noticed the mention of the Consultants. The weirdness is just unending. And being able to accomplish it. Almost beyond belief.

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Post ID: @Z5XwOdx-wws

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