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Gold/Mining/Energy : Trico Marine Services (TMAR)
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To: jad who wrote (16)2/19/1998 10:20:00 AM
From: Don Westermeyer  Read Replies (2) of 1153
 
Joe,

I'd hardly call it a 'glut' of new boats. A TDW exec made an on-the-cuff remark a few weeks ago about an increase in supply vessels that may happen later in the year and the pressure it will put on day rates. That caused part of the latest plunge.

OTOH not very many other people seem to be that worried about it so it seems this is over-blown. Even with NO growth at all a P/E of 10 is twice the return one can get with bonds. I suppose in the very worst case the stock gets cut in half again to its book value but this stock would be hurt a lot less than most.

Listen to the conference call at 888-888-9538. Things were pretty up beat.
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