Slider, Re: Tidewater (TDW)
Your remarks cannot go unchallenged!
"Sarge, I am not sure that TDW is reflective of "deepwater" health, or demand" "You lose major credibility with statements, or observations like this imo."
Your "IMO" is like a..h..s, everyone has one! HERE ARE THE FACTS:
Tidewater,
PEG (5 year): 22.3%
Estimated Earnings: FY/00 (March)$1.16 FY/01 (March) $1.53 Only a 32% increase! What a loser!
Current financial situation: "The company said it expected to fund the program using its current cash balances, which exceed $150 million, its projected cash flow and its existing $200 million line of credit. Currently, Tidewater is debt-free." biz.yahoo.com
What's this? TDW has emerged from the worse cyclical depression in history ? WITH NO DEBT AND $150m cash PLUS (and an existing $200m credit line) with plans to UPGRADE its fleet AND the Street and the parrot (Slider) sez NO! Give me a break! (NOT the left knee, please!)
William O'Malley TDW/CEO is obviously a novice with no notion of what to expect in the Oil Biz! >g<
This is what he has accomplished: Tidewater: "Tidewater Inc. provides services and equipment to the offshore energy industry through the operation of the world's largest fleet of offshore service vessels and is the world's largest provider of offshore supply vessels and marine support services serving the energy industry. With a fleet of approximately 685 vessels, the Company operates, and has a leading market share, in most of the world's significant oil and gas exploration and production markets and provides services supporting all phases of offshore exploration, development and production, including: towing of and anchor-handling of mobile drilling rigs and equipment; transporting supplies and personnel necessary to sustain drilling, workover and production activities; and supporting pipelaying and other offshore construction activities." biz.yahoo.com
"685 vessels"???? - Halter has constructed over half of them and Halter is NOW a part of an even BIGGER team. Again, if NOT FGH to secure this business "WHO"? NO ONE answers this question because they either don't HAVE one OR REFUSE to provide the obvious!
Sometimes a "verifiable" record of fact kinda gets in the way of Street & Parrot (read Mouth 0n The Black) - Hype & Spin! Have a good day, little cretin!
SargeK |
