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DewDiligence

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DewDiligence

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Re: OakesCS post# 5919

Wednesday, 10/24/2012 2:47:55 PM

Wednesday, October 24, 2012 2:47:55 PM

Post# of 30494

CLB—Some of the measurement techniques are extremely primitive so the only way i think anyone could make money on those measurements is thru volume.

Well, we know from CLB’s financial statements that the business has high margins. In 3Q12, the operating margin in the Reservoir Description segment was 30% and the operating margin in the Production Enhancement segment was 31% (#msg-80740915). The overall operating margin in 3Q12 was 30%.

This is not what I would call a volume-oriented business.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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