Originally Posted by
LJ Driver
Any of the old heads recall what the 2019 ps percentage was? What was the highest you’ve seen here? I’m guessing 7.9% is among the highest but just curious if there’s historical data.
To add some context, the 2015-2016 years were the end of Smiseks tenure. The product sucked, the contracts were only one step past BK era UPA, and Smiseks style was to squeeze every cent possible out of the operation to please the shareholders (APU off arrivals LOL).
This strategy only works for a few years until your customers find a better product elsewhere. But for a few years, the PS was large. Nowadays we invest in new equipment and new contracts. Although the percentage these last few years is less, I wouldn't trade positions with 2015 me.