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Non-Tech : Hvide Marine HMAR - High Growth, Undervalued

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To: Don MacNeil who wrote (61)11/27/1997 10:36:00 AM
From: Robert T. Quasius  Read Replies (1) of 547
 
I think that HMAR and TMAR have retreated recently as part of a general market downdraft, particularly in the oil field services sector. Oil and gas prices have drifted downward recently, and some oil field services stocks were overvalued so some profit taking took place.

Fundamentally, I think that both stocks were and still are undervalued, even more so now. Long term, the oil business will boom due to demand for oil outstripping supply. After this round of profit taking, I fully expect HMAR and TMAR to take off, perhaps after the first of the year.

I am looking to boost my holdings of TMAR at a price in the mid-20s. My HMAR holdings are already at a point where increasing my position strays too far from my diversification philosophy.
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