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Gold/Mining/Energy : Trico Marine Services (TMAR)
TMAR 22.410.0%Nov 7 9:30 AM EST

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To: steve goldman who wrote (636)8/1/1998 9:31:00 PM
From: Mark Adams  Read Replies (2) of 1153
 
Steve,

I took some time today and looked at the balance sheets of TMAR, HMAR
and TDW. They are looking attractive to me.

One thing stood out; these guys are in a capital intensive game. Looking at the current ratio, I don't think TMAR & HMAR have the strength to withstand a long period of revenue declines.

While I've not made any final decisions, I'm holding off on taking positions for now. Do you see debt service as a potential problem for TMAR? Anyone else care to comment on the short and long term obligations? TIA
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