•NOV announced another round of layoffs.
•It will likely have to make deep cost cuts to maintain its investment grade credit rating.
•That could be difficult to do if the economy declines.
•Sell NOV.
6 replies (most recent on top)
Well don't doubt for a second these VCO executives won't kneel to a buyer like they did with NOI. Highly doubt anyone is interested in these guys though. Times are different than 2005. There was so much excitement back then and now its a hell-hole and morale is non-existent.
Only ones with smiles these days are the Keeblers, 70's stashes, the Pepes and Mall cops and their tan 90's sports coats. LOL
@12PI6AR7 lol I've been through so many rumours of NOV being bought out. Halliburton, GE, hell even Schlumberger was in the rumour mill for a while. Would be hilarious if after all those rumours got passed around, one finally came true.
Andoversford gone already .....
Stonehouse are closing
Stop spreading BS rumors!!!! Where did NOV announce layoffs?
NOV is on the verge of bankruptcy. I wonder who will buy them.