Earnings are reported 10/26. Anyone think NOV will finally report a profit after 7 straight years of losses?
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This company could do better by looking at and justifying some costs for parts.
I personally replaced an air filter on a certain piece of machinery that had a price tag of 750 bucks on it. I sh-t myself!
I couldve bought the same filter from home depot for 30 bucks, built the support frame that it was in all for 100.
The problem that is gonna ki-l this place is its over priced junk!
7 years of losing money
Has anyone calculated how much has been lost over this tenure of CW
Big oil is making billions of dollars. How can NOV keep losing millions?
The Emperor’s New Clothes syndrome. Surrounded by a bunch of yes men and women. Pete Miller’s company has taken off. Perhaps he might come back and acquire NOV. I cannot see any other way out for NOV.
How does C$$y still have a job after 7 straight years showing no profit. What pictures or info does he have of someone??? He sure can talk up a storm and put on a good show but he is just a store front. Would make a great car salesman(well.....used car salesman..... there is a difference) the customer would make the sale just to shut him up. Sad NOV could have been a great company but alas another victim of pitiful management and corporate greed!!!
Lost $69M in the quarter.
Waaaaay to go lil ClaeClae & minions. Once again y’all have proven that this company is horribly managed by a complete group of incompetent m0r0ns.
……here comes the blame game. FOH.
Reported a loss of $55M. This business model needs revamping and has for years.
Chickens coming home to roost!
My bet is the steep losses will continue.
According to the Voice….
Hard to believe how strong the oil price is right now yet NOV stock opens at $15 and by close is heading South towards $14!!!!
Not rocket science is it, these mo--nic leaders are lining their own pockets at the expense of NOV, it’s shareholders and more importantly it’s employees, Shame on you
Lol anonymous either very funny or extremely sarcastic !
There is not a cat in hells chance NOV will make any reportable profit in the next 12 months. NOV is widely regarded as having overpriced, unreliable and poorly engineered products. It is also widely known the spare parts pricing is borderline ridiculous. All of the above is fabulous for its competitors
Go market upswing and the lumbering NOV will be too slow to react
Certainly will, just first need to trim some more fat which will occur and then after that we should be much more profitable.