Tidewater's management on the offshore inflection $TDW
Yet Another Value Podcast
00:00
Q3 Earnings Power
When utilization for industry goes from 50 to 60, you're not really going to see rates stick up. But as things get tighter and tighter, the rates start really creeping up. As we've talked about, rates have been going up a lot. Utilization has been going up. So I don't want to focus on like in the last 12 months. Number, I think a lot of some people do that. And you'll see a higher valuation. If I just annualized Q3, you'd be trading about 8 and 1 half times EBITDA,. About $50 million, E BITDA, also $200 million annualized. These actually free cash real nicely. We
Transcript
Play full episode
