Trico Marine Services (TMAR) Message Board

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

TMAR 22.41

0.0%

Nov 7 9:30 AM EST

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To: D.J.Smyth who wrote (608)	7/28/1998 6:00:00 PM
From: Sam Miller	Read Replies (1) of 1153

Darrell Thank you for the summary of the conference call. Its is good to know that the company will remain profitable. Looks like day rates won't go below $6,000 as long as TDW can help it which sets a floor on rates as long as oil doesn't go down significantly. However could you clarify your point b) regarding labor costs. I agree that labor costs will go down if they idle boats but won't revenue go down by a greater amount? Or were they saying that the labor costs will go down more than the decrease in revenue per boat? Assuming each boat is operated at a profit of some amount I would assume less boats being used means less profits. If you wouldn't mind explaining b) a little further it would be greatly appreciated. Also is there a number to hear a tape of the conference call. Thanks. Sam

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