Feb. 26 at 9:03 AM
$OIS The impairment is a signal, not just “noise”
Downhole Technologies recorded
$111.8M non-cash long-lived asset/inventory impairments; segment showed -
$113.5M operating loss in Q4.
This usually means: (a) prior acquisition intangibles are worth less than expected, and/or (b) parts of the market are structurally weaker than the capital originally assumed.