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Timothy Smith

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Timothy Smith

Re: PARADOX post# 337

Monday, 04/27/2015 6:46:28 PM

Monday, April 27, 2015 6:46:28 PM

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$NOV I expect the company's operating income margin of 15% to decline this quarter and possibly in the future. National Oilwell may be able to cut general and administrative expenses (9% of revenue) and engage in layoffs, but the cost reductions will most likely be unable to match the expected 15% sequential revenue decline. Anyway, I would not be surprised if the company announced a round of layoffs similar to that of competitors like Halliburton (NYSE:HAL), Schlumberger (NYSE:SLB) and Baker Hughes (NYSE:BHI). Layoffs at some of the top oil services firms amid the oil industry downturn are now north of 48,000.

http://seekingalpha.com/article/3106766-national-oilwell-varcos-earnings-preview-3-key-items

Purely My Own Opinion. Do Your Own Due Diligence.

“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty

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