Bhi is worth more broken into 7 or so units rather than THE CLUMSY DINOSAUR it is
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Nobody is interested in pressure pumping , Baker pressure pumping is sinking faster then the Titanic . Baker paid 5 Bil. for BJS then totally ruined a great company .
I hope BHI is split into different areas. This company is killing everyone that works for it.
Well if you look at the share price in 2008 for bhi and bj fiasco, and then extrapolate the share price of bj's peer group from 2008 to date. It would have been financially more astute not to have done the bj deal. Ie, the companies would have bern more valuable without the merger.
Very few mergers are actually profitable. Example AOL and Time Warner, Sears and K mart, Daimler and Benz, Glaxo Welcome and SmithKline Beecham.
So should the company be broken up with the incompatible parts sold to a company better adapted to absord, manage and nurture. Clearly the answernis yes.
Possible concussion ?
A question for the poster..are you retarded ?