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Non-Tech : Hvide Marine HMAR - High Growth, Undervalued
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To: scott mcdowell who wrote (237)2/1/1998 12:04:00 PM
From: Thomas C. Donald  Read Replies (2) of 547
 
Scott: For 3Q97 HMAR reported earnings of $7,500,000 and depreciation/amortization of $5,169,000. Oppenheimer stated that the "cash flow" was $0.69 per share. Assuming that Oppenheimer's number was based on 15,618,818 shares, the "cash flow" was $10,776,918. This suggests that Oppenheimer deduced that the non-cash part of the depreciation/amortization was $3,276,918. This seems reasonable and is consistent my earlier post. What am I missing?
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