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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Richard Mazzarella who wrote (92575)1/9/2003 8:21:19 AM
From: Bill Jackson  Respond to of 116795
 
Richard, Strange. One would expect all their contracts to have energy riders that would ramp the price up/down as the cost of gas/oil/amps went up and down, and that would aleviate the reason for such across the board announcements.
A 7% increase is a lot above the cost increase of all other inputs. If is it energy increases and mentioned in their contract terms, why mention it? If it is a true inflationary increase, what is their justification? Their quasi monopoly position?
They do mention feed stock cost increases...perhaps the winter has tightened the oil/gas a little, however they should have had contracts in place, unless they gambled and lost and now clients pay
Bill



To: Richard Mazzarella who wrote (92575)1/9/2003 12:34:29 PM
From: long-gone  Read Replies (1) | Respond to of 116795
 
At all their customers or do you think some might lack pricing power & have to take a profit hit instead?


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