The Rising Influence of Rising Affluence

[DewDiligence]

I figured CLB would be hit hard today, but not 17%. It might have been better if CLB had simply given explicit guidance for 4Q12 instead of the very weak implicit guidance outlined in #msg-80106286. The implicit 4Q12 guidance leaves a lingering suspicion that 4Q12 might end up being even worse than the company is letting on.