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Nabors Industries Ltd. Message Board

  • ryan5542002 ryan5542002 Apr 6, 2006 12:31 PM Flag

    UN'FIN' BELIEVABLE

    Gene and the boys are going to make us wait until May 8, for the #'s.

    Sorry, but given our "PISS POOR" stock performance over the past 7 months, shouldn't management report ASAP.

    Evidently, these guys really don't give a crap about teh shareholders.

    For comparisons sake, SLB reports 2 weeks from tomorrow




    This sucks

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    • Ryan wrote:

      "Gene and the boys are going to make us wait until May 8, for the #'s.

      Sorry, but given our "PISS POOR" stock performance over the past 7 months, shouldn't management report ASAP.

      Evidently, these guys really don't give a crap about teh shareholders.

      For comparisons sake, SLB reports 2 weeks from tomorrow."

      GIVE ME A BREAK. MANAGEMENT SHOULD REPORT EARLY BECAUSE THE STOCK IS NOT PERFORMING WELL FOR A QUARTER? YOU KNOW NOTHING ABOUT CORPORATE FINANCE OR THE DUTIES OF MANAGEMENT IF YOU REALLY BELIEVE THIS.

      • 2 Replies to Mightytodd
      • Mighty,
        How would you recommend management support it's stock holders?

        Industry standard P/E is 25.20 we are trading at 17.88. YoY growth is inline with the industry (NBR 48%, industry 41%).

        Probably oversimplifying the situation however management does need to step up and create a buzz somehow. Early reporting is probably not the way however it would help some of us decide if we want to hang on to a lagging stock or if management is going to proactively help out shareholders.

        If they, management, could downplay or disprove the capacity creep and it's impact on day rate gains for the long run. Would be very positive.

        Or show that even though current trading multiples are inline with prior cyclical highs we, NBR, can still break out b/c of long term growth and the new rig build out will only support future contracts rather than hurt. (Overbuild of new rigs would be disastrous)

        Wouldn't take much for management to disprove some of the skeptics and bring money into the stock.

      • That's the basher's hallmark: Ryan took something that wasn't a fact and construed it in a way that made it seem like it was.

        Yahoo finance had the earnings date as 5/3. NBR came out with its press release stating that the date would be 5/8. Ryan claimed the company "postponed" the date.

        Until the date is publicly released by the company itself, it's not official. I don't know where Yahoo finance gets their earnings dates for the calendar, but they're often wrong. Ryan's been around. He knows that.

        He's no fool. It's a good strategy to bash a stock: Take something that has a fragment of truth to it and create a huge fictional story on it. He is, however, a basher.

    • No; you don't want a report right away. Earnings should be anticipated.

    • Hopefully they need the time to finalize a sale of the company. The guy writing the press releases just went home for a long weekend after putting out the earnings date news. He must be exhausted.

    • I just know they are hiding something.

 
NBR
25.82-0.28(-1.07%)Aug 20 4:03 PMEDT

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