Unlike the happy talkers who post here I am an investor If I read one more post with the happy talkers on this board with their hope strategy I think I will puke. The people who post all these great projections seem to view OBE more like a hobby than an investment. No matter how terrible Loukas performs they seem spin in a positive way his total incompetance in improving the only measure that matters to an investor: shareholder value. Well Loukas has been CEO for almost 5 years and this pathetic stock is still trading at about $7 and change. There is no dividend and the only one making money is Loukas and his band of other incompetent managers with their compensation program. Just look around at the rest of the equity markets and you will realize the incredible opportunity cost Obe investors have lost holding on while Loukas fails to create shreholder value. I have sold most of my shares after Loukas's last mid quarter projections failed once again to come to fruition. Oh don't worry about me losing out on a potential upside swing in Obe. I used the proceeds to buy a little known stock at $685 pre split that is doing pretty well: NVDA.
Anyway this quarter should be Loukas's last if he does not substantialy move the needle for OBE investors. If he produces another sub par to even average earnings report he should be fired immediately. He has had more than enough time to show if he can create shareholder value. Personally I hope he does so I can sell the rest of my shares. I have made quite a bit of money over a lot of years on OBE but it was due more to my investor skills and Gods blessing than to Loukas Ceo skills. Obe investors need to stop paying for on the job training for Loukas. If he does not produce this quarter good luck if Trump gets in and drives the price of oil lower for the next 4 years. I am sure the happy talkers on this board will be extra happy to see me go. Don't worry the feeling is mutual.