No need to bash this POS pig. In fact, Hornbeck should change their stock ticker from HOS to a more accurate POS. I went to school with the main man. Sad to see this happening to him. The fleet has far more value than the market cap, but the debt destroyed this POS. Can’t park the fleet in Houma and Leeville and make money. Their landlord is already considering offers on their office space. Maybe I’ll rent them some storage space for their records.
The lawyers will eat this one alive.
Glad I sold Tidewater at the top. Another POS, their recent merger defies logic
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