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.