Trico Marine Services (TMAR) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

TMAR 22.41

0.0%

Nov 7 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: JZGalt who wrote (707)	8/24/1998 4:38:00 PM
From: D.J.Smyth	Read Replies (1) of 1153

it's difficult to determine the exact cash amounts they have on hand at any one time. according to their 10q they have a $150 million revolving credit facility. also relative to the following statement (10q) "Funds during the first six months of 1998 were provided by $126.0 million in borrowings under the Company's bank credit facilities and $47.1 million in funds from operating activities. During the period, the Company repaid $89.5 million of debt and made capital expenditures, including deferred marine inspection costs, totaling $77.4 million." shows an additional net positive of over $7 million. you've also got two months of current earnings not included in the $4.5 million in cash at the end of last quarter. during the cc they stated cash would first be used for additional acquisitions (we all know what this means). given the current environment a share buy-back could potentially yield a higher return on investment than more acquisitions; or; at least both would yield net positives over a twenty-four month frame.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next