Idiot is an understatement, just once I'd like someone to look them in the eye and say "why didn't you give that advice when the price was $20 higher"?
Stay or go, doesn't matter to me, but you are what you are, by the way, no chance an angry guy like you who has hated this stock for years would still be in it.
My head is not in the sand, I see with great disappointment what has happened to the stock price. But the fact is that NE is in exactly the same boat as the other drillers(perhaps a little better) and the charts show it. Blaming mgmt is easy, what should they have done? Build no new ships, never raise the div, just accumulate cash for the moment?. That's not what companies do, they plan for the future, a future where ships wear out, where new technologies are demanded. Hwan is a fool, his endless nonsense posts no matter what the price of NE prove it, he called them out no matter whether the price was $30, 35, 40, or even $44. He's never been happy and he never will be.
It wasn't the end of the world when noble dropped to 30, 25, 20 and its not going to be the end if it drops to $15, it is what it is, if you dont think offshore drilling is a viable business going forward then sell right now, but if you still think oil companies will be drilling offshore 2 or 5, or 10 years from now(which we all know they will), then you better just sit tight and wait..
Hwan has never been right, because he never says anything constructive.
I dont think Hwan owns a single share, nor do i think he;s short. He's been bashing mgmt forever, no matter what the price or decision they made. I think he's just a lonely, internet loser who somehow latched onto this board and uses it for a few scraps of human contact.
Me thinks buying now might not be a bad thing in the long run, not that I'm gonna do it. seriously though, people just need to relax, a year or two from now the tide will turn and everything will be just a memory.
While some of you agonize and whimper as the value of your shares drops on paper, I greedily rub my hands together and prepare my wallet for that large infusion of cash...or should I say "straight cash homey".
The rich get richer baby!
Leaders do what they feel is right for their company.... not what clowns like you on the internet demand.
You guys have to stop obsessing on these prices, if you weren't planning on selling then it really doesn't matter, this is the same company it was 7 weeks ago when the price was $30.
When it was 40 you were whining about why it wasn't 50 or 60, that's a fact. As far as the current price goes, I really dont care right now, I'm not thrilled obviously, but it doesn't change a thing about the companies long term prospects, not one thing.
You finally got one right Hwan, ANY downgrade now is way, way too late and just reinforces how clueless the analysts are.
You know, I wasn't planning on selling before, and I'm not gonna sell now, it really doesn't matter what the price is.. The sky is not, has not, and will not fall.
If they really went to strong sell now then they're a little late, aren't they? Why didn't they do it at 28? Honestly these analysts are just ridiculous, only a very naive investor would pay ANY attention to them.
Well, if you believed them 3 months ago, you'd feel lied to now, wouldn't you. The simple fact is that their "expert" opinion and analysis has been off by huge margins the last few qtr's, there is no reason they will be any better this time. The fact that even up till earnings recently they stuck to wrong estimates(the fleet status reports were already out), shows that they are either lazy or incompetent.
Why would they cancel or even reduce it? They are/will be quite profitable, certainly more than enough to pay the disappointingly small div. the fact that the stock has been hammered means nothing. The fact that alot of their rigs are old and relatively low revenue(100- 150k a day) is a plus if they can keep their contracts, since the rates on them are unlikely to fall much, if at all.
I dont like that the stock price is where it is either, but this is exactly the same company if the price is 10 or $15, or $7 a share.
Yup, since we received 1 shr for every 3 if you had an odd amount the fractional share was paid in cash.
You cant control what other people do, people are still buying sears holdings for christs sake, we all must make our own choices.
You didn't need a blog dummy, it was stated quite clearly in the mailer we all received that they will pay approx a buck a share div. The combined basis is the same as it always was, some brokers havent got it right so one or the other may be lopsided, that is a non factor.