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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (328732)3/13/2007 7:30:58 PM
From: TimF  Read Replies (1) of 1576163
 
re: But how is 10% profit margin, during the good times in a cyclical industry gouging?

Actually the TTM PM is 11.65%; operating margin is 18%.

Of XOM right? I was talking about the whole industry.

In any case 11.65% profit margin doesn't change the point. Its hard to call that gouging even if was a constant profit. Since its much higher than the industries average profit margin, its even harder to say the industry is gouging. In a cyclical industry you have to make money in the good times. In the bad times many oil companies make pathetic margins or even lose money.
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