EIA supplies are at 80-year high - this is not sustainable, we'll have more layoffs, once HAL takes over things will turn even more ugly.
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Layoffs coming before Easter holiday.
The HAL/BHI merger layoffs haven't even started yet ..guessing 15,000 will go in Q3. Small satisfaction is that BHI leadership team and all BHI VP's are toast
More like layoffs next week!
Anonymous82827- You seem to forget the they will absolve the good hands from BAKER.
Will HAL have $35B to close that? Or would they rather pay us $3.5?
Doing the maths of it, and correct me if I am wrong, 40x1.2+19=$67 per stock... BHI stocks can rebound above that number if the deal doesn't close...
In a few months, HAL won't be big enough to make the BH deal. Bleeding people at a rate of around 500/month. No end in sight. Well, I guess the end is in sight in one respect.
20k!