Hvide Marine HMAR - High Growth, Undervalued Message Board

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

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To: bocaburgerman who wrote (77)	12/3/1997 10:54:00 PM
From: Robert T. Quasius	Read Replies (1) of 547

I have a background in shipbuilding, and I can tell you that this is an impressive accomplishment. I think that Hvide's tugboat consolidation is an excellent business model: take a small fragmented industry and consolidate into larger more cost effective operations, and using innovative new technology that is more flexible and also requires less labor. The tugboat consolidation initiative paralells the offshore supply boat consolidation started several years ago by Hvide, Trico, and others. Hvide is taking this one step further with tugboats, and with new cost effective technology to boot. This should also help Hvide diversify into businesses other than offshore drilling support. Long term, this stock is going places!

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