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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: D.J.Smyth who wrote (710)8/24/1998 5:10:00 PM
From: JZGalt   of 1153
 
a $150 million revolving credit facility.

A 10% buyback would only cost them about 16 million at these prices. Pretty easy way to boost the bottom line if they choose to spend the money that way. How many boats could you buy for 16 million vs. getting 10% more out of every boat in your current fleet on a per share basis? Looks like they could swing this without even tapping that line of credit very hard.
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