Thread regarding Schlumberger Ltd. layoffs

Cramer: "The firings, the downsizing, that's what is allowing Schlumberger to make fortunes even at these prices."

http://www.cnbc.com/2016/07/26/jim-cramer-get-ready-oil-is-set-for-a-u-shaped-recovery.html

Cramer puts a lot of faith in Kibsgaard's comments and is long on SLB in his charitable trust. One has to question his motives. But it does point out how SLB intends to act with regards to its staff until the market recovers a year from now.

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| 1612 views | | 3 replies (last July 28, 2016) | Reply
Post ID: @OP+IAugJZe

3 replies (most recent on top)

and every stock pick cramer makes is a winner. right?

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Post ID: @1wuf+IAugJZe

'market recovers a year from now'..........study economics, it will be 10+ years.

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Post ID: @rpz+IAugJZe

short term gains... long term pains

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Post ID: @dei+IAugJZe

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