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Gold/Mining/Energy : Trico Marine Services (TMAR)
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To: Don Westermeyer who wrote (109)3/19/1998 1:36:00 AM
From: William Nelson  Read Replies (1) of 1153
 
After they melt down their boats and sell for $25/shr, they
have to pay off the $17/shr they have in debt. This will leave
them $8/shr, which is the stated book value on Yahoo.

This strikes me as a company where you want to be careful to get
in when good times are definitely coming back. With high debt,
low cash, and small size, they look pretty risky if more
bad news might be coming.

See you in a few months...
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