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 (706)	8/24/1998 3:55:00 PM
From: JZGalt	Read Replies (1) of 1153

I'll admit it is overdone considering they are not concentrated in the GOM, but oil prices have shown no sign that they actually are at a bottom yet. BTW, as far as a share buyback by TMAR, it would take a miracle. They have $0.23 in cash last quarter. Not going to buy too many shares with that. I doubt if bankers would look on them real kindly if they asked for a fat loan, so they only way they do this is to use earnings to buy back stock. Given the current stock level and anti-dilutive effect it would not be a bad idea.

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