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Gold/Mining/Energy : Trico Marine Services (TMAR)
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To: IrieDiver who wrote (155)3/24/1998 4:57:00 PM
From: Daniel M. Whipple   of 1153
 
IrieDiver,

If you were looking at the Cash Flow Statement , it does not reflect earnings. Review the Statement Of Operations and Retained Earnings, or the Balance Sheet.

At the end of the year, sometimes I clear out my payables or wait till after the new year. Makes no difference on earnings as long as the payables are accounted for as a liability.

Trico, which operates in the Oil Industry, should have a very significant accounts receivables due to the fact that most oil companies pay their bills at 90 days. With the increase in day rates year over year increasing , I would expect their receivables to increase proportionally and likewise their payables to increase somewhat (depending who the vendors are).

From one of my previous posts, I think someone cried "UNCLE".

I see TMAR on the acquisition trail . The stock will gradually inch its way up and by year end will reach an all time high.
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