Nothing raises more fear or hopes in a business than change in management. The questions are always the same, will the new CEO shift the company’s direction? Does the change mean the business was not doing well before? Can overall performance improve? How will the market and shareholders react to the news? What about prospect investors? The truth is that there is no certain answer to the many inquiries a change in management raises. However, an assessment can be made based on the firm’s previous performance and new management’s discourse. That is exactly what it will be looked upon throughout this analysis that concerns National Oilwell Varco (NOV). So far, gurus have shown great confidence on the company and completed important purchases throughout the last quarter of 2013.
Announced and Smooth Transition Continue Reading »