Monday, June 02, 2008 12:09:33 AM
I thought I was being clear, but in case I wasn't: My post wasn't directed toward you. I know you don't hope for hurricanes, and yes they happen regardless, and yes the extra money is great. Just nice to know we don't need them, and we'll make that money in the end anyway. Sometimes some folks (not you) forget hurricanes can be very sharp double-edged swords. Yes, we benefitted from Katrina and Rita, as did many other businesses that weren't located in New Orleans and Lake Charles (and even some that were). Had either of those storms been a c-hair to the west, they could have hit Morgan City and Channelview a month apart, and in that case I'm not at all sure our stock price would have had the action some folks are expecting from hurricanes. Now, having said that, the odds of that happening are miniscule, and even if it did I'm sure we are more prepared than ever to not only handle it, but profit from it, handsomely. Hurricanes are a profitable part of our business, and they are part of life in the gulf, but we'll be profitable, storms or no storms. That's all I was trying to say. It's similar to the oil price issue. We can't control that either, but some folks just don't seem to realize that we don't need it to keep rising for us to be very successful, and that such rising carries its own different double-edged sword, which is a different topic. So for the folks hoping for hurricanes, hope for the kind that come into the gulf and go back out without making landfall :)
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