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Non-Tech : Hvide Marine HMAR - High Growth, Undervalued
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To: John S. Sturges who wrote (112)1/3/1998 6:42:00 PM
From: Grommit  Read Replies (3) of 547
 
Stockholder letter from HMAR

I received my copy of shareholder letter dated Dec 22. Mentions that "fundamentals driving our industry are as strong as ever...workboats remain in tight supply, and newbuildings are targeted toward the fast-growing deepwater segment of the market." Outlook for 1998 is for demand to outstrip supply as in 1997. The last paragraph is especially significant -- "In the meantime, we have decided to postpone our recently announced public equity offering until our share price recovers.. completion of any of our announced deals does not require a new share offering at this time."
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