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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (23377)	3/8/2006 9:01:09 PM
From: Spekulatius	Read Replies (2) of 78748

Bought s small position in TRMA - offshore logistics stock. 0.9$ earnings in the last quarter. the company emerged from bankrupty and now after a secondary debt free. TRMA trades at a 40% discount relative to TDW, it's closest peer. The prospectus for the secondary mentions the risk, in particular the aging fleet with a 18 year average fleet age. However TDW's fleet age is even higher at about 20 years which means that this cannot justify the discount to TDW. I have been watching this stock since January, but it started to run away from me. I bet that today is a good entry point for this underfollowed stock.

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