Just one downgraded, made another 5 % drop. I am going to buy more tomorrow.
this is a new team that just started about a year ago. previous management ruined this company. it is going to take a long time to turn this around. Hopefully these are the people that can do it.
You must reside on a different planet. The company has been going through a strategic refocus for years. This restructuring may make them leaner, but it has gone to the extreme and will cause them to be light on capability. They did well when they could hide issues behind huge government focused revenues. This will require more than patience - more like YEARS. In the interim you better hope they won't have more previously undisclosed issues arise - they have shot themselves in the foot more in the last 2-3 years than any company I can think of.
It's going to take patience, time and what would really speed up the change process with earnings would be a significant increase in oil price. Recent predictions are that it could start happening half way through 2015, let's hope they're right...........we want to get rewarded.