New lows again. is it all time lows now? thank this great experienced mgt for loading the company with debt and overbuilding new vessels. They should all be fired for this.
by Mgt and the Board. Why is this company still paying a dividend? New builds continue and stock blowing past 1989 levels?
They are clueless. They should be hunkering down after their disastrous aggressive new build at the peak.
"The financial noise masks the fundamental strengths of Tidewater." CEO from earnings conference call
Yet these capital destroyers do NOT step up and buy a single share at 1989 prices, even with all their wonderful management.
little cash big debts 1.5 billion and more new builds still being spent. No buybacks at 1989 prices. and no insiders buying either. insiders sold at $16.
all this experience has done what for the shareholders of this business. Build capacity like crazy NOT wise thing for cyclical business.
why are shorts shorting so much? they must think things are bad with dayrates or cashflow cannot cover liabilities at some point?
28% short is a huge amount.
mgt with their years of experience have done nothing for shareholders. why are they still running the company.
How many billions have been spent the last 10 years on compensation and new builds? the stock sits at 500 mil market cap and falling.
The owners of this company have taken a bath while those running have gotten rich.
it's shareholders money. what reward? The nerve to take equity compensation when mgt was partially responsible for this horrendous stock performance. So they benefit from there mismanagement???????
having said this this "usless" mgt who does not deserve a dime extra other than salary should take pay cuts and cut costs to the bone and eliminate anymore new builds and the dividend to preserve the company and even pay down a little debt.
The strategy to build to much capacity and be the biggest sunk shareholder value. brilliant strategy add huge capacity in cyclical business. Insiders have alot of confidence in their strategy Must be why insiders are dumping stock in the $16's???
MGt and the board of diectors deserve pay cuts and absolutely NO stock options and bonus for horrific shareholder performance. Spending and Building like crazy AT THE PEAK in a deeply cyclical business. Their so called "expertise" FAILED miserably!