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Exterran Holdings, Inc. Message Board

  • nakatoad nakatoad May 12, 2012 7:29 PM Flag

    Michael Anderson... A restatement legacy!!

    It figures that our wonderfully awful CFO Anderson left us with an immediate legacy of a pending restatements and a financial controls investigations.

    It is just one more kick in the gut from Anderson & his Enron buddies after he handed a 90% loss to EXH investors while he collected a bounty of free EXLP units.

    I am glad to see Brad cleaning house in all the various ways. It is a necessary part of the recovery process after disastrous mismanagement of a great company with valuable assets.

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    • boblarkson@ymail.com boblarkson May 13, 2012 7:07 PM Flag

      Nakatoad,

      Your comments here and in other threads clearly show that you are in love with Brad. Lets be realistic, he has not cleaned house at all. I am not sure he should even get the credit for getting rid of Anderson. That was probably in the works before Brad was annointed. Only Anderson, a couple shop guys and a couple of Admins have left while Brad has been in charge. Brad has not done any house cleaning.

      In the first quarter 2012, the SG&A reaches a new high of 15.3% of revenue. It is up over 3% from Q4 2011! That is all Brad. That kind of increase is not taking care of business and cleaning house for a company with a history of losing money. That is abdicating your fiduciary responsibility to get spending under control.

      Wake up and smell the engine exhaust Nakatoad! EXH can be a great company and it has valuable assets. The problem is that the disastrous management seems to be continuing because it has not changed and has not changed anything since Danner was fired. Management is not making the changes needed to get to the recovery that those of us with under water shares want to see.

      • 1 Reply to boblarkson
      • It is true.

        There is no leader better than Brad. He is extremely smart, witty, humorous, inquisitive,decisive, meticulous, insightful, and inspirational. He is truly a gift from God sent to save us from the certain doom that previous management was bringing to our way of life.

        Anderson represents the worst of all things wrong with selfish greed driven capitalism on the bleeding edge of legality and fully engaged in creating false "financial engineering" value and totally devoid of basic business sense or even the slightest concern for profit or loss so long as he can feed his MLP. That kind of leadership results in 90% losses for EXH and the employment losses we have all endured while Anderson got richer and richer and richer.

        By comparison Brad is up 50%+. He is not terminating people at random. We will grow into the coming domestic energy boom. There is no need to hand the competition the most skilled veteran labor force in the business.

        It was grim under way too many years of Anderson style nonsense, but we are saved. Yes, Brad is great.

    • boblarkson@ymail.com boblarkson May 13, 2012 7:07 PM Flag

      Nakatoad,

      Your comments here and in other threads clearly show that you are in love with Brad. Lets be realistic, he has not cleaned house at all. I am not sure he should even get the credit for getting rid of Anderson. That was probably in the works before Brad was annointed. Only Anderson, a couple shop guys and a couple of Admins have left while Brad has been in charge. Brad has not done any house cleaning.

      In the first quarter 2012, the SG&A reaches a new high of 15.3% of revenue. It is up over 3% from Q4 2011! That is all Brad. That kind of increase is not taking care of business and cleaning house for a company with a history of losing money. That is abdicating your fiduciary responsibility to get spending under control.

      Wake up and smell the engine exhaust Nakatoad! EXH can be a great company and it has valuable assets. The problem is that the disastrous management seems to be continuing because it has not changed and has not changed anything since Danner was fired. Management is not making the changes needed to get to the recovery that those of us with under water shares want to see.

 
EXH
31.90+0.6100(+1.95%)Dec 26 4:00 PMEST

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