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Weatherford International plc Message Board

  • nomcondo nomcondo Jan 12, 2013 11:12 AM Flag

    Work picking up

    I saw last mth the company were looking for well over 500 people for its operations, they have set everything up at the moment for expansion and the way its looking the company is set up for a major turnaround , I just hope they dont get taken over before hand,

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    • I agree they are positioned for a good turnaround. Re-read the transcript for Q3 on Seeking Alpha and the company is very clear that the focus is getting the accounting issues behind them and focusing on creating shareholder value going forward. They have a strong overall operation that has been masked by the write-offs. If they really have things fixed the next year or two could see some really big gains in the stock.

      I wouldn't worry too much about a cheap takeover. Any takeover is subject to shareholder and management approval and I don't see either group being willing to sell out for cheap. It will have to be a good deal or it is no deal.

      Sentiment: Strong Buy

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