Tidewater's management on the offshore inflection $TDW
Yet Another Value Podcast
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What's the Maintenance Cat-Backs Number?
I want to talk about your, if people go look at the deck, $666 million of EBITDA. You say at that level, we'd have a 91% free cash flow conversion. So talking $600 million, what's going into that? What can people think of a maintenance cat-backs number? And then I just want to ask, investors are familiar with offshore,. anything capital intensive, anything that touches energy basically, right? Like the evened-on number can be great, but a lot of times there's a lot of cat-backs behind that number.
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