Thread regarding McDermott International Inc. layoffs

What to expect

The purpose of the turnaround advisor is to deliver good news during Q3 and before earnings release. After the Q2 surprise, no one believes the CEO anymore. Board wants to keep the stock price up. MDR stock is its currency, used to pay insiders. And for acquisitions. And to measure the relative value of the company or division for a divestiture or takeover. Gotta keep the stock price up. Board doesn't like not getting its money.

Expect good news. Decide for yourself what believe.

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