Would Management please step up and stop the bleeding?
Time to announce and increase in the divvy, a buyback and management should start doing some insider buying. There is what, 400mil shares outstanding? This would seriously move the price on this stock, crush the short sellers and give some much needed confidence in the investment community. Since Buffet doesn't announce purchases until every quarter, management needs to show they care about the shareholders. No reason why this should be under $80 per share. Keeping it LONG, but getting tired about the movement of this thing. Worse, idiots li n16m15 yapping their mouth. :) But, he's been right with the move down, and I hope it's just luck.
One good thing is the lack of insider selling... ;with the exception of miller...who sold once the insider selling in NOV is almost non existant. This compoabny used to be a favorite of hedge funds to kick around, Used to be huge options positions.. now they are gone. I thing this will be good for NOV...folks are ignoring this stock as it has done nothing in recent years.
BTW...The street knows the spinoff is going to be a complete disaster and will drive home the fact that the ego driven buying spree by management over the past few years was a complete waste of cash and has doomed the stock to the value trap scrap pile.
LOL...You must be joking. NOV is trading back where it was 7 years ago despite a massive mkt/sector up move.
NOV management is old, tired, arrogant, lifeless, and could care less about shareholder value. The entire street knows these guys are into good'ol boy ego driven empire building and not shareholder value building.
Classic value trap POS stock that will never recover.