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Weatherford International plc Message Board

  • bs5300024 bs5300024 Jul 31, 2013 6:20 PM Flag

    Why I HATE WFT

    -- Press releases that start with reported "earnings before bad stuff"; having to read almost a page of excuses for their poor performance before finally seeing their GAAP loss

    -- A CEO more interested in his own pay than company performance

    -- A CFO and finance team that play cute with tax structuring only to get burned from its complexities as well as the most basic blocking and tackling moves imaginable

    -- A board of directors with no backbone to dump this lousy management team at a minimum or sell the company outright for better shareholder returns

    -- Myself for holding this piece of sh** stock for three years hoping for a buyout from ge or anyone.

    Before I am flamed out on this board, realize that I am long for $9,772 with a 26.25% loss as of today. It is totally my fault for holding the stupid stock and I am posting this because there is no way for the little guy to be heard otherwise about this piece of sh** company.

    To any employees who happen to read this, I am sorry you work for such a poor leadership team. I truly hope for a better future for yourselves and stockholders.

    I have vented...goodbye!

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