Trico Marine Services (TMAR) Message Board

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Gold/Mining/Energy : Trico Marine Services (TMAR)

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To: William Nelson who wrote (230)	4/6/1998 11:29:00 AM
From: Don Westermeyer	Read Replies (1) of 1153

William, Day rates would have to drop more than 25% before TMAR would actually lose money. I don't _think_ that is likely to happen! There is no evidence of a drop in day rates yet this year. It warrants keeping a close eye on this area though. There is some concern that additional boats coming on line later this year _may_ put some slight pressure on rates. Or think of this: why are people selling boats to them? If I owned a bunch of boats, and rates were going through the roof, I think I would hesitate to sell...and if I sold, you can bet it wouldn't be cheap. Well, if they did over-pay for the boats then TMAR is in trouble. I'll admit that I am too ignorant in this area, but with recent insider buying near $20 I feel the insiders are comfortable with recent stock price.

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