Thread regarding National Oilwell Varco Inc. layoffs

National Oilwell Varco Declares Regular Quarterly Dividend

This is how you know a scam. A company that is bleeding more than $6 a share in losses over the year, paying out a "dividend" of approximately $20 million dollars in a quarter on a quarterly loss of $62 million. That's like a car crash victim volunteering to donate blood.

Play stupid games, win stupid prizes. This company is playing games on its death bed. A properly run company would have suspended dividends the moment it no longer turns a net profit. Not these boys. Nope. They'll borrow from the bank at interest to pay out "dividends" if needed. What a funny incompetent bunch.

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No Vos

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Sounds like somebody is jealous

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This gives them a bonus for not doing their job and if they distribute more money than they should, no problem... more layoffs will cover the short fall.

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Just imagine how bad a scam it would be if NOV executives owned much of the company stock and received those dividends....oh wait...never mind.

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