Replies to post #2569 on The Rising Influence of Rising Affluence

[DewDiligence]

Clarification re CLB’s EPS guidance—from the PR in #msg-62388929:

…the Company continues to take a cautious view of political turmoil in North Africa and parts of the Middle East.

What this means was revealed on CLB’s 1Q11 CC. If Libya stays shut down but other areas in North Africa and the Middle East remain as they are today, CLB’s 2011 EPS guidance will prove to be conservative.

[DewDiligence]

Dumb commentary on CLB from Seeking Alpha (where you get what you pay for):

http://seekingalpha.com/article/272259-actionable-jeremy-grantham-buy-ideas

Being in the oil and gas industry, CLB can fluctuate greatly depending on the time of year. Conveniently for investors, CLB has posted gains in five of the past five three-month periods ending in July. Muddy fields where oil may lie below get dried out in the summer months, allowing oil companies to move more drilling equipment into place. This has fueled (pun intended) Core Labs' success in the early summer months over the past five years. CLB had an April high of 105.75 and since has fallen 9% to its current trade of 97.67, providing a nice opportunity to jump on a stock that is about to turn around. CLB has some of the best mapping and reservoir management tools in the industry. This plays because now is when oil drillers are searching for the next big strike. Competition is high as oil prices and demand are at a three year high.

Moronic.