If you own shares of Weatherford (NYSE: WFT )
, there have likely been many occasions that left you scratching your
head and wondering, "what possessed me to do that?" To management's
credit, though, it is no longer pursuing a strategy of
bigger-must-be-better and is instead examining where the company's core
competencies and profit opportunities really lie.
The second half of 2013 was volatile and largely disappointing as the
company missed margin and cash flow generation guidance. This next year
is likely to be challenging as well, as the company looks to enact a
large headcount reduction as well as the sale/spinoff of multiple
non-core businesses. Weatherford's many self-inflicted wounds have
obscured that it does in fact do many things well, and investors looking
to play a still-undervalued turnaround story in oil services may want
to check this one out.
Read more here:
Stormy Weatherford International Ltd Moving in the Right Direction
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