I was at Oceaneering for over 8 years the company has stagnated not much new activity as far as new products. DTS seems to be the only group that still chases new opportunities and decent management. Corporate was on this big hiring effort over the last few years seeming to put more emphasis on IT and HR and very heavy in management once I seen the table turning I left it was not an easy decision.
The next thing is there stock lost almost 10% valuation in the last 2 months now I’m facing another dilemma either to dump or hold.
Oceaneering is a good company but is going into the rebuilding stage I’m not sure if Larson is the man to head the company after McElroy steps down.