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Non-Tech : Hvide Marine HMAR - High Growth, Undervalued

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To: Robert T. Quasius who wrote (330)3/30/1998 4:52:00 PM
From: Mark  Read Replies (2) of 547
 
Robert,

I couldn't resist any more, and used today's "bad news" as an entry point.

The news didn't seem that bad to me. I also think that these stocks
are way beaten down on expectations of bad earnings. HMAR has now
pre-announced, which, ironically, should now take some of the uncertainty
out of things. I am optimistic that once some of the big players
have had a chance to confirm things directly with the company that we
will likely see some serious buying.

The bottom line here is that HMAR have had a bad quarter and are only
likely to post 43c. This is a mere 30% year on year growth (!).
Furthermore, if they only achieved the same again for the next few
quarters, they'd have a year of $1.72 - i.e. they have a PER of
about 10.

I also think in the very short term that they might post at >43c !

This is a no brainer.

Mark

p.s. With you and PG here, into TMAR and SFY we should be able
to celebrate (or drown our sorrows) in good company !
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