Ann: Trading Halt, page-144

If you want to get in to technicalities on what the word "organic" means then sure whatever.

I am referring to growth occurring outside of acquisitions aka growth from the actual running and decision making of the various businesses that they already own and operate. IMO it is important to view the growth of the existing businesses irrespective of acquisitions because you cannot rely on acquisitions to be made every financial year, and it some cases it is not sustainable to do this so frequently. ZIP went on an acquisition shopping spree over 2020-2021 and they ended up writing off hundreds of millions in impairments because of it. Now these businesses are very different, but it's just an example to show why it's important to view the underlying growth as well.

If it is "organic" to expect that NOV buys a company every financial year that doubles it's revenue then feel free to make that case, but I don't think it's reasonable to expect this.

I was simply saying that I don't believe the 98% YoY growth is something that we should be expecting in future years unless we make large acquisitions which cannot be predicted and hence, that 98% figure isn't really reflective of the future IMO, as the last 2 quarters have shown. As investors I believe we must look into the future, and if NOV doesn't make any acquisitions in the next 6 months we could be looking at a negative YoY growth based on the last 6 months. (I don't think this will be the case, but based on the last 6 months it is a possibility).

And that this, IMO is something to be slightly concerned about and to monitor over the next 3-6 months.

But there's still a whole lot to be positive about hence my "buy" sentiment.