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Newpark Resources Inc. Message Board

  • sayuthink sayuthink Jan 8, 2008 4:27 PM Flag

    Did Gracie Say Goodnight & Goodbye

    A new 52 week low was reached today of $4.90. The floor price of $5. was not held, EPS slipped from -.22 to -.25. Since it's high of $8.41 within a year to $4.90 this is a 41% drop. The Target Price of $7.82 remains in place, this would take a gain of 37% to even reach this figure. Very very doubtful. With all news and reports being held by NR and not shared with the stockholders, particulary the lawsuits, I feel this company is headed south in a big way. You would think some releases from management would be forthcoming, yet only silence from within.
    Can anybody shed some light on this situation, my next sell stop is about to kick in.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I bought this stock near it's high on the hope the new financial officer formerly of Baker Hughes may be a catalyst for a buy out--if their books were put in order? I still feel that way--since they say they are taking market share in the drilling fluids business and that is their concentration. The Brazil plant is a good move I think--and they show some focus--it was a mistake of me to try and convert a speculation into an investment--but now the speculation idea remains even stronger. Look at the insider direct purchases last year--substantial--technical analysis on this thing is full of holes--the post earnings conference call was not negative. I am a big loser--but selling now would be stupid.

    • The old management was fired due to incompetence and maybe worse. I wouldn't worry about their potential lawsuits. The mexican investor was nothing more than a con artist. The water program was a pipe dream of an executive that clearly was out of his element.

      New management has to clean up the big mess created by the previous regime.

      Thank you also igaconsidin, it is nice to get reports from several. The fact still remains that NR left a terrible mess in Wyoming, it's over a year old now and more birds are being killed. This is just not excusable. Was told the County and State were doing something about it, but nothing seems to happen. NR has a very bad reputation in Sublette County.

    • All you can do is laugh at the gibberish coming off this board. A message for anybody listening to these clowns spew their venom:

      The old management was fired due to incompetence and maybe worse. I wouldn't worry about their potential lawsuits. The mexican investor was nothing more than a con artist. The water program was a pipe dream of an executive that clearly was out of his element.

      New management has to clean up the big mess created by the previous regime.

      It is a small stock! It will be beat up during times like this.

      Finally, do not listen to anyone suggesting this or that is going to happen in the near future. Read everything that comes off of the SEC Edgar reports.

    • I got an idea for you.
      Sell and find another investment. Your so negative your a cancer! Get a life and just go!

      • 2 Replies to newman441
      • Well New Man, Here's your problem. This board is intended to allow investors and 'others' to voice their opinion as to the strength or in this case, the lack of strength of this Company's management. You obviously feel that this group of managers are doing a good job; however, most of us on the board observe the opposite. Having been affiliated with this Company for many years, and seeing it go down the tubes with this present management and their board of Directors, this venue provides me a place to 'vent'. In the company as it exists today an employee could be fired for expressing any view contrary to that of the gestapo management. Many key employees have left, and many are in the process of doing so. What a shame to have lost such a fine company so rapidly.

      • Re: Did Gracie Say Goodnight & Goodbye 22-Jan-08 08:14 pm I got an idea for you.
        Sell and find another investment. Your so negative your a cancer! Get a life and just go!

        Well, Newman, where did you come from? This is first post of yours in past 300+ I checked. I only post facts and news that has been published by analysts. Possibly you need a life....

    • Another bad bell ringer today. NR went below another 52 wk low, down -3.23%. The Target Price remains at $7.82 very far out of reach with a 46% increase to even reach it. Am afraid if $4. does not become a floor to add to, this stock is headed much further downwards.

    • They do have news releases, regularly, as management and the board of directors give themselves more compensation and stock, they submit a news release, an 8K. To give a coherent release about the company, they would have to understand the company and their responsibility to the shareholders to keep them informed. They cover their own backside, but leave the shareholders exposed.

      • 2 Replies to seasonedoilpatch
      • NR made a valiant but feeble attempt to get back to $5. but this failed horribly today being down -16%. My Broker does not follow it anymore. Believe you can stick a fork in this dog, it's done....

      • I see this company falling apart at the seams. I spoke with a few friends who indicate morale is at an all time low, La. operations is in shambles, Texas people are fleeing the ship and the bloated management clueless. These complaints are coming from mid-managers who really have no protection. As a stock it might be a good pick soon as it is close to bottom and is probably a decent take over/merger partner with a good customer base and some very good people in techincal and field management roles. One problem is that the old guard who developed NP is pretty much gone and the new mid-management guard are really sub-par with no loyality from the field troops who have been around for quite a while. A sad situation.....

 
NR
11.71-0.06(-0.51%)Jul 23 4:04 PMEDT

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