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

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To: Daniel M. Whipple who wrote (356)4/3/1998 9:57:00 AM
From: Grommit  Read Replies (1) of 547
 
Dan, let's put the earnings revisions in perspective.

I often wondered how in the heck HMAR would meet those higher
estimates and figured it was acquisition after acquisition
which would contribute the bottom line.
I hoped that the analysts were plugged in to internal plans,
but did not count on it. I do think HMAR should give
conservative guidance and whallop the numbers.

Here is where we stand now with the downward revisions:

1996 1997 1998 1999
act act fcst fcst
revenue $109 $210 $xxx
profit (2.1) 25.5 xxx
EPS (.24) 1.63 2.26 2.84
% EPS growth 39% 26%

So what is the value of a 1.63 EPS company growing at 30% a year?
We should buy all we can at $18, IMO.

note:
The above 98/99 EPS fcst are averages of the latest revisions -
R James 2.20 and 2.76 with 25% new long term growth est
Major Broker 2.38 and 2.76
F Selz 2.20 and 3.10
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