Helmerich & Payne, Inc.
HP
position
short
Ed Bosek
Thesis
Helmerich & Payne is facing a significant decline in utilization in the oil services sector, which is expected to lead to a price-down despite market excitement about a recovery. The oversupplied machinery market suggests that their price-to-book ratio will be negatively impacted going forward.
Did it work?
inconclusive
confidence: low
Without specific price performance data or a defined time frame since the pitch, it's difficult to assess whether the thesis has played out. The thesis suggests a decline in utilization and a negative impact on the price-to-book ratio, but without evidence of these dynamics occurring or any price movement, the outcome remains uncertain.
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