Otherwise, no companies bankruptcy. DQ management made big mistake when they make the decisions to quickly when they listen to them. PANIC !!!!, DQ will lost a chance to become big companies on the world if oil back up rapidly. Customer will disappoint what they did because not confident. Just opinion, maybe i am wrong. They are smart and get big salary.
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Understanding. He just do not loss his job. Ignore him.
"very uneducated" The way you said that show your education... Stu....
Education or not. Look at DQ shape right now. Are you working for consultant agency or relative? Waist money.
Do you really talk like that? You sound very uneducated.
Market has changed especially in offshore. DQ did not develop products fast enough as they were having too much internal politics and spent a lot of
money that didn’t yield returns.
Second point is that vertical integration in manufacturing which is how they made great returns was hurting them...but it worked for number of years...current guys were unable to run it well..probably cause they bloated the upper and middle management
Instead of leveraging fast to market development with integrated manufacturing they were di**ing
around.
Lastly investments such as TWI were also a flop.
That was $143m which is not worth $50m.
Current predicament was predictable, but still sad.
They could have been more but they will not.
Oil price does not directly affect revenue, independent and IOC and NOC CAPEX are, and their CAPEX are predictable