Hornbeck Offshore Services Inc fka HOSSQ

[uber darthium]

Todd was actually a smart CEO!! He saw the handwriting on the wall and dropped purchases and rebuilds in a timely fashion. Just think of the losses if he spent the money to keep the fleet current and shore crewed rather than shuttling; the current market would have rendered these expenses as a total loss and an exercise in futility. !!!!! Now, he can merely write write off the assets he wants to permanently shuttle pre emergence. SMART GUY and extremely well planned.

In 2014 he parked a dozen or so vessels AND KEPT BUILDING MORE BOATS WITH BORROWED MONEY,

MONEY HE COULD NOT PAY BACK IN ANY KIND OF DOWNTURN. WE TOLD HIM THIS WOULD HAPPEN.

And of course, it happened, big surprise to no one but Todd

HE CANT JUST WRITE OFF BOATS HE HAS YET TO PAY FOR. HE STILL OWES THE MONEY.

“Smart guy and extremely well planned”, well yes, if you are planning for bankruptcy.

The man is an idiot, in my opinion.

Under 2 cents, surprised ???