So the stock is in the toilet, CEO preaching the same rhetoric during the quarterly conference calls, headwinds this and that, new technologies etc etc etc.
Drive by the West Little York location sometime and look at the all non sold equipment rotting in a parking lot that used to be filled with employees. There’s got to be a billion dollars worth of stuff there that’s probably still on the books!!
I guess since the NOV finance organization staff were all hired from the auditors company they have a nice safe full of dirty secrets that the shareholders will never see.
Hiring H1B immigrants at 50 cents on the dollar to run their plants makes perfect sense to a finance person. Maybe the department of labor should do an audit.
Just thinking out loud!!!