ATW report
I listened to the conference call and it answered my questions.
To re-cap, they beat expectations in sales but missed the earnings. A key issue was the tax rate change: from 13% to 17%.
For forward business, rates are almost doubling. Chevron Thailand, for example, is using them currently for $85K. They will now pay $95K for 8 months and then $150K for 2 years. Another example: India is paying $113K for 3 months and then $133K for 12 months. They are booked up and rates are surging. So I am happy.
To re-cap, they beat expectations in sales but missed the earnings. A key issue was the tax rate change: from 13% to 17%.
For forward business, rates are almost doubling. Chevron Thailand, for example, is using them currently for $85K. They will now pay $95K for 8 months and then $150K for 2 years. Another example: India is paying $113K for 3 months and then $133K for 12 months. They are booked up and rates are surging. So I am happy.
posted by Andrew at
9:18 PM
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