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Strategies & Market Trends : Value Investing

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To: Michael Burry who wrote (3549)	3/20/1998 3:39:00 PM
From: Wallace Rivers	Read Replies (1) of 78958

Thanks Mike, I had forgotten about these posts. I'm pretty happy as I committed to HMAR yesterday, and the stock is showing some life (1 mil. plus shares traded on a turn day yesterday). Curiously enough (and this is entirely my read), would it not make sense to say that this downward pricing pressure in oil would be in some instances advantageous for the likes of TMAR and HMAR as one of their relatively significant expenses (oil for their vessels) has trended significantly downward? Obviously, I will have to investigate what % of their expenses is from fuel.

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