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Message Boards Settings Nabors Industries, Inc. (NBR) - Quote Info
Scary bit of data     20-Jul-09 11:40 am    
So, yesterday I met a buddy who works for a company that does drilling equipment maintenance. Their biggest client is NBR. Turns out that this company which had been doing good business last year, has seen a 90% drop off in business and had to lay off an equivalent portion of the employees. Apparently, there's so much idle equipment lying around with the drilling companies that rather than send equipment in for maintenance, the NBRs of the world are simply replacing worn out equipment with idle equipment instead of repairing..... makes me wonder how much the bottom has fallen out of the business.....

Any thoughts anyone on this?
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iso_vp

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  Subject Author Rating Time of Post (ET)  
 
Scary bit of data
iso_vp (1 Rating) 20-Jul-09 11:40 am  
 
Yes, you buy a stock off the bottom and sell when ...
gf0677mf (2 Ratings) 20-Jul-09 01:28 pm  
 
Not sure what you're trying to say. What I w...
iso_vp (1 Rating) 20-Jul-09 05:27 pm  
 
It indicates that we are at a bottom and...
gf0677mf (2 Ratings) 21-Jul-09 08:02 am  
 
*LOL* Delusion is your friend I ...
djczing (1 Rating) 22-Jul-09 05:34 pm  
 
as we get into a more 'greener' economy, we'll nee...
godzillaisa... Rate it 12-Aug-09 12:44 pm  
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Nabors Industries Ltd. (NBR)

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